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The following information is taken from Ehrlich Corporation's financial statements: Cash Accounts receivable, net Supplies Prepaid expenses Investments Land Buildings Accumulated depreciation-building Accounts payable Accrued
The following information is taken from Ehrlich Corporation's financial statements: Cash Accounts receivable, net Supplies Prepaid expenses Investments Land Buildings Accumulated depreciation-building Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings Treasury stock, at cost December 31 2021 $63,000 97,500 160,000 8,500 50,000 99,000 264,000 (32,000) $710.000 $ 90,000 54,000 125,000 100,000 356,000 (15,000) $710,000 2020 $ 17,000 76,900 185,000 6,800 60,000 279,000 (13,000) $611,700 $ 84,000 63,000 60,000 100,000 312,700 (8,000) $611,700 Net income for the year was $77,300. A building with a cost of $15,000 and a book value of $11,000 was sold at a loss of $2,000. Dividends were declared and paid. Instructions Prepare a statement of cash flows for Ehrlich Corporation for the year 2021. (Use the indirect method.) I
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