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The balance sheet data of Alaska Company at the end of 2020 and 2021 follow: Additional information for 2021 : a) Net income for 2021

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The balance sheet data of Alaska Company at the end of 2020 and 2021 follow: Additional information for 2021 : a) Net income for 2021 was $132,000. b) Depreciation expense for the year was $44,000 c) Land was acquired for $200,000 in exchange for common stock, par $200,000. d) Equipment that had cost $20,000 with accumulated depreciation of $4,000 as of disposal time was sold for $8,000 in cash. Additional equipment was purchased in cash. e) Cash dividends of $40,000 were'paid during the year. Compute net cash flows from operating activities in 2020. Example of Answer: 4000 or -4000 (No comma, decimal point, or $ sign. show negative cash flow with -) Answer = A Compute net cash flows from investing activities in 2020. Example of Answer: 4000 or -4000 (No comma, decimal point, or $ sign. Denote negative cash flow with -) Answer = A Compute net cash flows from financing activities. Example of Answer: 4000 or -4000 (No comma, decimal point, or $ sign. Denote negative cash flow with -) Answer = A

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