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The following information is available for Ivanhoe Corporation for the year ended December 31, 2027. Beginning cash balance $47,300 Accounts payable decrease 3,900 Depreciation
The following information is available for Ivanhoe Corporation for the year ended December 31, 2027. Beginning cash balance $47,300 Accounts payable decrease 3,900 Depreciation expense 170,100 Accounts receivable increase 8,600 Inventory increase 11,600 Net income 298,300 Cash received for sale of land at book value 36,800 Cash dividends paid 12,600 Income taxes payable increase 4,900 Cash used to purchase building 303,500 Cash used to purchase treasury stock 27,300 Cash received from issuing bonds 210,000 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).) ne.g.-15.00 IVANHOE CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2027 Adjustments to reconcile net income to
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