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The comparative balance sheet of Nelson Company for 2015 and the preceding year 2015. appears below in condensed form: (a) Net income, $71800. (b) Depreciation

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The comparative balance sheet of Nelson Company for 2015 and the preceding year 2015. appears below in condensed form: (a) Net income, $71800. (b) Depreciation reported income statement, equipment was (c) Fully depreciated equipment costing s60, 000 was scrapped, no salvage, and equipment was purchased for $ 15, 000 (d) Bonds payable for S75.000 were retired by payment at their face amount. (e) 2, 500 shares of common stock were issued at S30 for cash. dividends declared and paid. S40, 000. (g) Investments of S100, 000 were sold for S125, 000. Prepare a statement of cash flows using the indirect method. Note you have to complete some items. Cash flows from operating activities: 71, 800 Net income, per income statement Add: Depreciation ? ? Deduct: Increase in ? Net cash flow from operating Activities Cash flows from investing activities: Cash from sale of investments Less: Cash paid for purchase of Equipment activities Net cash flow used for investing Cash flows from financing activities: Cash from sale of common stock Less: Cash paid to retire bonds Cash paid for dividends Net cash flow used for financing Activities Increase in cash Cash at the beginning of the year Cash at the end of the year

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