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Testbank Exercise 123 The following information is taken from Kimberly Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings

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Testbank Exercise 123 The following information is taken from Kimberly Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents December 31 2021 2020 $ 71,190 $ 30,510 115,260 90,400 (5,085) (3,503) 180,800 197,750 8,475 7,684 113,000 67,800 332,220 275,720 (36,160) (14,690) 22,600 39,550 $802,300 $691,221 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings-appropriated Retained earnings-unappropriated Treasury stock, at cost $ 101,700 $ 94,920 61,020 71,190 141,250 67,800 113,000 113,000 90,400 11,300 311,880 342,051 (16,950) (9,040) $802,300 $691,221 Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents For 2021 Year $88,479 21,470 5,650 39,550 none Prepare a statement of cash flows for Kimberly Corporation for the year 2021. (Use the indirect method.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Kimberly Corporation Statement of Cash Flows Increase (Decrease) in Cash Adjustments to rentino Click if you would like to Show Work for this question: Open Show Work

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