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The following information is available for Ivanhoe Company for the year ended December 31, 2017. Beginning cash balance $ 49,635 Accounts payable decrease 4,081 Depreciation

The following information is available for Ivanhoe Company for the year ended December 31, 2017.

Beginning cash balance $ 49,635

Accounts payable decrease 4,081

Depreciation expense 178,686

Accounts receivable increase 9,045

Inventory increase 12,133

Net income 313,362

Cash received for sale of land at book value 38,605

Cash dividends paid 13,236

Income taxes payable increase 5,184

Cash used to purchase building 318,767

Cash used to purchase treasury stock 28,678

Cash received from issuing bonds 220,600

Prepare a statement of cash flows using the indirect method

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