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The following are the Balance Sheets for Larry's as of March 31, 2017 and June 30, 2017: The following is additional information for the period

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The following are the Balance Sheets for Larry's as of March 31, 2017 and June 30, 2017: The following is additional information for the period April 1 to June 30, 2017: $50,000 of Equipment was purchased by issuing a Note to the equipment vendor. No cash was paid to the vendor. $4,000 of Equipment was purchased for $4,000 cash. Land was sold for $5,000 cash. The land had a cost of $3,000; thus there was a $2,000 gain on the sale of the land. The $2,000 gain is included in Net Income. A$5,000 cash payment was made to pay down the Note Payable Long-Term. The April 1 to June 30, 2017 Income Statement showed Net Income of $30, 100. An $8,000 dividend was declared and paid during the period April 1 to June 30, 2017. Use the following to complete this problem: The Cash Flow Worksheet in the workbook 11-12 Blank Cash Flow Worksheet The form "Statement of Cash Flows for April 1 to June 30, 2017" on Pg 244. Requirement 1 Prepare a Cash Flow Worksheet for the period April 1 to June 30, 2017 Requirement 2 Prepare a Statement of Cash Flows for the period April 1 to June 30, 2017

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