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The following information is available for the Ehrens Corporation: Ehrens Corporation Balance Sheets At December 31 2009 23,040 24,640 32,180 73,125 55,900 Cash 29,400 61.710

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The following information is available for the Ehrens Corporation: Ehrens Corporation Balance Sheets At December 31 2009 23,040 24,640 32,180 73,125 55,900 Cash 29,400 61.710 56,400 Merchandise inventory 175,500 145,500 $327795 $284850 Equipment 33.550) 1200) Accumulated depreciation.. Total asset.. Liabilities: 65,000 $ 40,380 Accounts payable Income taxes payable Bonds payable 10,200 10,725 -48.750-66.000 $124,475 $116,580 Total liabilities Equitym stock 117,000 96,000 9,000 73.32063.270 $203.320 $168,270 $327.795 $284.850 Common stock Contributed capital in excess of puar. Retained earnings 13,000 Total equity Total liabilities and equity Ehrens Corporation Income Statement For Year Ended December 31. 2010 $240,000 Cost of goods sold. Depreciation expense.. Other operating expenses Interest expense Other gains Closses) $80,900 29,400 48,000 2,000 (160,300 Loss on sale of equipment Income before taxes 71,300 Income taxes expense Net income Additional information: (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. (2) Old equipment with an original cost of $37,550 was sold for $2,100 cash. (3) New equipment was purchased for $67,550 cash. (4) Cash dividends of $33,600 were paid. (5) Additional shares of stock were issued for cash. Prepare a complete statement of cash flows for the 2010 calendar year using the indirect method. (a) Received from sales of long-term investments: $56,400- $55,900-$500 (b) Received from stock issuance Increase in common stock Increase in additional paid in capital4000 Total received from stock issuance $21,000 $25,000 (c) Paid to retire bonds: $66,000 -$48,750 $17,250 Show Work

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