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Thank you for your help. I'll make sure to upvote! Kingbird Corporation's balance sheet at the end of 2024 included the following items: The following
Thank you for your help. I'll make sure to upvote! Kingbird Corporation's balance sheet at the end of 2024 included the following items: The following information is available for 2025. 1. Net income was $54,680. 2. Equipment (cost $21,810 and accumulated depreciation $9810 ) was sold for $11810. 3. Depreciation expense was $5.810 on the builing and $10.810 on equipment. 4. I Patent amortization was $2.500. 5. Current assets other than cashincreased by $29000 Current fiabilities increased by 524.8200 6. An Addition to the building was completed at a cost of 528 8 10. . 7. Alongterm investment in stock was purchased tor $16,000. 8. Bonds payable of $52710 were issued. 9. Gash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11.000. Prepare a statement of cash flows for 2025 . (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis Cash Flows from Investing Activities Sale of Equipment Addition to Building Investment in Stock Net Cash Used by Investing Activities Cash Flows from Financing Activities Issuance of Bonds Payment of Dividends Purchase of Treasury Stock Net Cash Provided by Financing Activities Net increase in Cash Cashat Beginning of Period Cashat End of Period
Thank you for your help. I'll make sure to upvote!
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