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The comparative balance sheet of Conniejo Company, for Years 1 and 2 ended December 31 appears in condensed form as follows: The income statement for

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The comparative balance sheet of Conniejo Company, for Years 1 and 2 ended December 31 appears in condensed form as follows: The income statement for the current year is as followe. Additional data for the current year are as follows: - Fully depreciated equipment costing $39,000 was scrapped, no salvage, and equipment was purchased for $157,000. - Bonds payable for $100,000 were retired by payment at their face amount. - 5,000 shares of common stock were issued at $15 for cash. - Cash dividends declared were paid, $41,400 - All sales are on account. Prepare a statement of cash flows, using the indirect method of reporting cash flows from (used for) operating activities. Use the minus s to indicate cash outfiows, cash payments, decreases in cash, or any negative adjustments. Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investino activities Cash flows from (used for) financing activities: Net cash flows used for financing activities Cash balance, January 1, Year 2 Cash balance, December 31, Year 2 The comparative balance sheet of Conniejo Company, for Years 1 and 2 ended December 31 appears in condensed form as follows: The income statement for the current year is as followe. Additional data for the current year are as follows: - Fully depreciated equipment costing $39,000 was scrapped, no salvage, and equipment was purchased for $157,000. - Bonds payable for $100,000 were retired by payment at their face amount. - 5,000 shares of common stock were issued at $15 for cash. - Cash dividends declared were paid, $41,400 - All sales are on account. Prepare a statement of cash flows, using the indirect method of reporting cash flows from (used for) operating activities. Use the minus s to indicate cash outfiows, cash payments, decreases in cash, or any negative adjustments. Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investino activities Cash flows from (used for) financing activities: Net cash flows used for financing activities Cash balance, January 1, Year 2 Cash balance, December 31, Year 2

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