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Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: Bonds were retired during 2017 at face value, plant and equipment were

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Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $35,800. Net income was reported at $26,300. 1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. 2. Based on its statement of cash flows, Chrisman In addition to operating activities, Chrisman generated cash

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