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The comparative statements of financial position of Mikos Inc. as at December 31,2017 and 2018 , and its statement of earnings for the year ended
The comparative statements of financial position of Mikos Inc. as at December 31,2017 and 2018 , and its statement of earnings for the year ended December 31, 2018, are Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short-term investments will mature in February 2019. c. Cash dividends were declared and paid in 2018. d. New equipment with a cost of $166,800 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $14,000 were paid in cash, and notes of $34,000 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2018 by using the indirect method. (Negative answers should be indicated by a minus sign.)
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