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Statement of Cash Flows The following is a list of the items to be included in the preparation of Warrick Company's 2019 statement of cash
Statement of Cash Flows
The following is a list of the items to be included in the preparation of Warrick Company's 2019 statement of cash flows:
- Net income, $46,800
- Payment for purchase of building, $92,000
- Increase in accounts receivable, $7,900
- Proceeds from issuance of common stock, $39,200
- Increase in accounts payable, $4,600
- Proceeds from sale of land, $8,600
- Depreciation expense, $17,000
- Payment of dividends, $34,000
- Gain on sale of land, $4,100
Required
1. Prepare the statement of cash flows. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
PLEASE PUT WHETHER IT IS AN ADD OR LESS
2. Assume the company's preferred stock has been selling for $130 per share during 2019. How many shares would the company have had to issue to avoid having a decrease in cash during the year?
_____shares
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