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Statement of Cash Flows Carter Company has the following income statement and balance sheet for 12-91-21: Carter Company Income Statement For the year ending December

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Statement of Cash Flows Carter Company has the following income statement and balance sheet for 12-91-21: Carter Company Income Statement For the year ending December 31, 2021 1,500 600 Sales Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Operating Income Gain on Sale of Asset Net Income 900 700 5 195 5 200 Carter Company Balance Sheet As of December 21, 2021 and 2020 Cash Accounts Receivable Inventory Total Current Assets Equipment Accumulated Depreciation Total Assets 2021 250 150 25 425 96 (25) 495 2020 100 50 50 200 100 (25) 275 Accounts Payable (current) Bonds Payable (long-term) Total Liabilities 100 120 220 75 100 176 Common Stock Retained Earnings Total Equity 10 265 275 10 90 100 Total Iblic and Preity 495 275 Additional Relevant Information Equipment that cost $20 with accumulated depreciation of $5 was sold for $20 The company borrowed $20 via a bond payable The company paid $15 for new equipment The company declared and paid a $25 dividend. Required! Does your last answer match the increase in cash shown on the balance sheet

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