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The following information is taken from French Corporation's financial statements: December 31 2019 2018 Cash$90,000$27,000 Accounts receivable92,00080,000 Allowance for doubtful accounts(4,500)(3,100) Inventory155,000175,000 Prepaid expenses7,5006,800 Land90,00060,000

The following information is taken from French Corporation's financial statements:

December 31

2019 2018

Cash$90,000$27,000

Accounts receivable92,00080,000

Allowance for doubtful accounts(4,500)(3,100)

Inventory155,000175,000

Prepaid expenses7,5006,800

Land90,00060,000

Buildings287,000244,000

Accumulated depreciation(32,000)(13,000)

Patents20,00035,000

Total Assets$705,000$611,700

Accounts payable$90,000$84,000

Accrued liabilities54,00063,000

Bonds payable125,00060,000

Common stock100,000100,000

Retained earnings351,000312,700

Treasury stock, at cost(15,000)(8,000)

Total Liabilities and SE$705,000$611,700

For 2019 Year

Net income$58,300

Depreciation expense19,000

Amortization of patents5,000

French Corporation purchased some land and buildings in 2019. In addition, the company sold some of its patents. The gain or loss on the sale of patents is zero.

Required :

Statement of cash flows for French Corporation for the year 2019. (Use the indirect method.)

Cash flow from operating activities

Net cash flow from operating activities________________

Cash flow from investing activities

Net cash flow from investing activities ________________

Cash flow from financing activities

Net cash flow from financing activities_______________

Net increase/decrease in cash_______________

Cash at beginning of period_______________

Cash at end of period________________

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