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The following information is available for Ramos Corporation for the year ended December 31, 2014. Beginning cash balance $ 84,060 Accounts payable decrease 6,912 Depreciation
The following information is available for Ramos Corporation for the year ended December 31, 2014.
Beginning cash balance | $ 84,060 | |
Accounts payable decrease | 6,912 | |
Depreciation expense | 302,616 | |
Accounts receivable increase | 15,318 | |
Inventory increase | 20,548 | |
Net income | 530,699 | |
Cash received for sale of land at book value | 65,380 | |
Cash dividends paid | 22,416 | |
Income taxes payable increase | 8,780 | |
Cash used to purchase building | 539,852 | |
Cash used to purchase treasury stock | 48,568 | |
Cash received from issuing bonds | 373,600 |
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).)
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