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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

image text in transcribed 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

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