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Thanks! Martinez Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Bonds payable Commonstock ($1 par) begin{tabular}{rr} $101,400 & $111,800 390,000
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Martinez Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Bonds payable Commonstock (\$1 par) \begin{tabular}{rr} $101,400 & $111,800 \\ 390,000 & 520,000 \\ 561,600 & 452,400 \\ 499,200 & 358,800 \\ \hline$1,552,200 & $1,443,000 \\ \hline \end{tabular} Search Additional information: 1. Net income for 2025 was $241,800. 2. Depreciation expense was $88,400. 3. Cash dividends of $101,400 were declared and paid. 4. Bonds payable with a carrying value of $130,000 were redeemed for $130,000 cash. 5. Common stock was issued at par for $109,200cash. 6. No equipment was sold during 2025 . 7. Land was sold for its book value. Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts thot decrease cash flow with either a-sign es. 45,000, or in parenthesis e 8(45,000)) Step by Step Solution
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