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The following items were gathered from Crane Industries' general ledger: Sale of marketable securities $ 15,000 Depreciation and amortization expense 25,762 Payment of cash
The following items were gathered from Crane Industries' general ledger: Sale of marketable securities $ 15,000 Depreciation and amortization expense 25,762 Payment of cash dividends 3,543 Proceeds from disposal of equipment 801 Loss on disposal of equipment 150 Net income 26,943 Beginning Cash balance 19,600 Purchase of equipment 24,882 Decrease in Accounts Receivable 1,048 Proceeds from issuing common stock 2,241 Increase in Inventory 3,465 Increase in Accounts Payable 4,250 Ending Cash balance 63,905 Using the indirect method, construct Crane Industries' statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) SUPF
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