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The following information is taken from Kimberly Corporation's financial statements: December 31 2021 2020 Cash $ 71,190 $ 30,510 Accounts receivable 115,260 90,400 Allowance for

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The following information is taken from Kimberly Corporation's financial statements: December 31 2021 2020 Cash $ 71,190 $ 30,510 Accounts receivable 115,260 90,400 Allowance for doubtful accounts (5,085) (3,503) Inventory 180,800 197.750 Prepaid expenses 8,475 7,684 Land 113,000 67,800 Buildings 332,220 275.720 Accumulated depreciation (36,160) (14.690) Accumulated depreciation (36,160) (14,690) Patents 22,600 39,550 $802,300 $691,221 Accounts payable $ 101,700 $ 94,920 Accrued liabilities 61,020 71,190 Bonds payable 141,250 67,800 Common stock 113,000 113,000 Retained earnings-appropriated 90,400 11,300 Retained earnings-unappropriated 311,880 342,051 Treasury stock, at cost (16,950) (9.040) $802,300 $691,221 For 2021 Year Net Income $88,479 21,470 Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents 5,650 39,550 none Prepare a statement of cash flows for Kimberly Corporation for the year 2021. (Use the Indirect method) Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis es (15,000) Kimberly Corporation Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash Cash Flows from Operating Activities $ 588 479 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ 21470 Depreciation Expense 24860 Decrease in Accounts Receivable Increase in Inventory -16950 Increase in Prepaid Expenses 791 Decrease in Accounts Payable 24860 Decrease in Income Taxes Payable Increase in Income Taxes Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Flows from Investing Activities Net Decrease in Cash

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