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The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $43,000 Accounts payable decrease 3,500 Depreciation expense

The following information is available for Stamos Corporation for the year ended December 31, 2020.

Beginning cash balance $43,000
Accounts payable decrease 3,500
Depreciation expense 154,000
Accounts receivable increase 8,100
Inventory increase 12,000
Net income 281,300
Cash received for sale of land at book value 31,000
Cash dividends paid 11,000
Income taxes payable increase 4,600
Cash used to purchase building 291,000
Cash used to purchase treasury stock 29,000
Cash received from issuing bonds 182,000

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).)

STAMOS CORPORATION Statement of Cash FlowsIndirect Method For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020

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