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The accounting staff of Lambert Company has assembled the following information for the year ended December 31 of the current year. Required: a. Prepare a

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The accounting staff of Lambert Company has assembled the following information for the year ended December 31 of the current year. Required: a. Prepare a statement of cash flows. Use the direct method of reporting cash flows from operating activities. b-1. Compute the amount of collections from customers. b-2. Compute the amount of cash paid to suppliers and employees. b-3. Compute the amount of proceeds from sales of plant assets. LAMBERT COMPANY Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Complete this question by entering your answers in the tabs below. Compute the amount of collections from customers. Complete this question by entering your answers in the tabs below. Compute the amount of cash paid to suppliers and employees. Compute the amount of proceeds from sales of plant assets

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