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The following items were gathered from Rindt Industries? general ledger: Sale of marketable securities $ 14,410 Depreciation and amortization expense 24,292 Payment of cash dividends
The following items were gathered from Rindt Industries? general ledger:
Sale of marketable securities | $ | 14,410 |
Depreciation and amortization expense | 24,292 | |
Payment of cash dividends | 3,863 | |
Proceeds from disposal of equipment | 889 | |
Loss on disposal of equipment | 150 | |
Net income | 25,553 | |
Beginning Cash balance | 19,870 | |
Purchase of equipment | 21,822 | |
Decrease in Accounts Receivable | 1,118 | |
Proceeds from issuing common stock | 2,421 | |
Increase in Inventory | 3,515 | |
Increase in Accounts Payable | 4,900 | |
Ending Cash balance | 64,403 |
Using the indirect method, construct Rindt Industries? statement of cash flows.(If amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).)
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