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The comparative statements of financial position for Grouper SA show the following information. begin{tabular}{lrr} Share capital-ordinary & 43,000 & 33,000 Retained earnings & 25,250
The comparative statements of financial position for Grouper SA show the following information. \begin{tabular}{lrr} Share capital-ordinary & 43,000 & 33,000 \\ Retained earnings & 25,250 & 10,000 \\ Allowance for doubtful accounts & 3,000 & 5,500 \\ Accumulated depreciation-equipment & 2,000 & 5,500 \\ Accumulated depreciation-building & 0 & 7,500 \\ Accounts payable & 6,500 & 5,500 \\ Dividends payable & 0 & 5,500 \\ Long-term notes payable & 31,000 & 25,000 \\ Notes payable, short-term (non-trade) & 3,000 & 5,500 \\ \cline { 4 - 4 } & 113,750 & 103,000 \\ \hline \end{tabular} 1. Equipment that had cost 15,000 and was 40% depreciated at time of disposal was sold for 2,000. 2. 10,000 of the long-term note payable was paid by issuing ordinary shares 3. Cash dividends paid were 5,500. 4. On January 1, 2022, the building was completely destroyed by a flood. Insurance proceeds on the building were 30,000. 5. Equity investments were sold at 1,700 above their cost. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for 16,000 was issued for the acquisition of equipment. 8. Interest of 2,000 and income taxes of 7,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Supplemental disclosures of cash flow information: e
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