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The Richetti Storage Company had the following balances in its Equipment and Accumulated Depreciation on Equipment accounts at the beginning and end of 2021: January

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The Richetti Storage Company had the following balances in its Equipment and Accumulated Depreciation on Equipment accounts at the beginning and end of 2021: January 1 $106,000 Equipment Accumulated depreciation equipment December 31 $134.400 21,000 29.700 During 2021, Richetti engaged in the following transaction involving equipment: Sold equipment that originally cost $25,500 and had a current book value of $9,240 for $18,700. This was the only sale of equipment Net income for 2021 was $372,400 !! Using this limited information, prepare the operating and investing activities sections of the statement of cash flows. Here you will assume that there were no changes in current asset and current liability accounts other than cash. (Enter amounts that decrease cash flow either with a negative sign preceding the number, eg. -15,000 or parenthesis es. (15,000)) Richetti Storage Company Statement of Cash Flows For the Year Ended December 31, 2021 Net cash used in operating activities Net cash provided by operating activities Net cash used in investing activities Net cash provided by investing activities Cash flows from investing activities Adjustments of net income to cash basis Cash flows from operating activities Using this limited information, prepare the operating and inve assume that there were no changes in current asset and curre cash flow either with a negative sign preceding the number, 28.-15 a Richetti Storage Company Statement of Cash Flows For the Year Ended December 31, 2021 Net Income Depreciation Purchase of equipment Loss on sale of equipment Gain on sale of equipment Cash received from sale of equipment e Textbook and Media Using this limited information, prepare the operating and invesu assume that there were no changes in currerit asset and current cash flow either with a negative sign preceding the number, eg. -15,0 Richetti Storage Company Statement of Cash Flows For the Year Ended December 31, 2021 Net cash used in investing activities Cash flows from operating activities Cash flows from Investing activities Adjustments of net income to cash basis Net cash provided by operating activities Net cash used in operating activities Net cash provided by investing activities e Textbook and Media Sora cash flow either with a negative sign preceding the number, 08. -15,000 or pe Richetti Storage Company Statement of Cash Flows For the Year Ended December 31, 2021 Depreciation Loss on sale of equipment Cash received from sale of equipment Gain on sale of equipment Purchase of equipment Net Income e Textbook and Media BO F3 999 000 F4 *** F5 FO $ %

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