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The comparative balance sheets of Monty Inc. at the beginning and the end of the year 2 0 2 0 are as follows. table
The comparative balance sheets of Monty Inc. at the beginning and the end of the year are as follows.
tabletableNTY INC.NCE SHEETSDec. Jan. Inc.DecAssetsCash$$$Inc.Accounts receivable,Inc.EquipmentInc.Less: Accumulated DepreciationEquipment,Inc.Total$$Liabilities and Stockholders' Equity.Accounts payable,$$Inc.Common stock,Inc.Retained earnings,Inc.Total$$
Prepare a statement of cash flows for the year Show amounts that decrease cash flow with either a sign eg or in parenthesis eg
MONTY INC.
Statement of Cash Flows
For the Year Ended December
Cash Flows from Operating Activities
Net Income
$
Adjustments to reconcile net income to
Depreciation Expense
$
Increase in Accounts Receivable
Increase in Accounts Payable
Net Cash Provided by Operating Activities hat
Cash Flows from Investing Activities
Purchase of Equipment
Payment of Cash Dividends
Issuance of Common Stock
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