The following data is taken from the Financial Statements of Harrison Inc for the year 2010 Jan 2010 Dec 2010 Income Statement Net Income Depreciation Expense Amortization of Intangibles Gain on sale of plant assets $634 000 183 000 30 000 79 000 Balance Sheet Accounts Receivables Inventory Prepaid Expenses Accounts Payables Deferred income taxes payables $305 000 $279 000 607 000 555 000 74 000 131 000254 000 180 000143 000 32 000 Additional information Paid $35 000 annual dividend to preferred stockholders Repaid short term debt in the amount of $98 000 Purchased land and a building for $450 000 Proceeds from sale of marketable securities in the amount of $75 000 Issued $300 000 of preferred stock The balance of the cash account on January 1, 2010 was $285 000 Using the above information, prepare the statement of cash flows for the year ended December 31, 2010 showing the computation of the net cash flows from operating (by the indirect method), investing and financing activities

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The following data is taken from the Financial Statements of Harrison Inc  for the year 2010  Jan  2010 Dec  2010 Income Statement  Net Income Depreciation Expense Amortization of Intangibles Gain on sale of plant assets $634 000 183 000 30 000 79 000 Balance Sheet  Accounts Receivables Inventory Prepaid Expenses Accounts Payables Deferred income taxes payables $305 000 $279 000 607 000 555 000 74 000 131 000254 000 180 000143 000 32 000 Additional information  Paid $35 000 annual dividend to preferred stockholders  Repaid short term debt in the amount of $98 000  Purchased land and a building for $450 000  Proceeds from sale of marketable securities in the amount of $75 000 Issued $300 000 of preferred stock The balance of the cash account on January 1, 2010 was $285 000  Using the above information, prepare the statement of cash flows for the year ended December 31, 2010 showing the computation of the net cash flows from operating (by the indirect method), investing and financing activities

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The following data is taken from the Financial Statements of Harrison Inc. for the year 2010. Jan. 2010 Dec. 2010 Income Statement: Net Income Depreciation

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