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urgent Solve the following problems by providing what is asked for each one. Problem 3 The comparative balance sheets for Hamilton Inc. appear below: Dec
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Solve the following problems by providing what is asked for each one. Problem 3 The comparative balance sheets for Hamilton Inc. appear below: Dec 31, 2020 Dec. 11, 2015 Ausets cah Trade receivables Prepaid expenses ventory Long term investments Foment Accumulated depreciation equipment Total assets abilities and Shareholders' Equity Trade payahies Mortgenotes payable Common shares Retained earnings Toni liitles and shareholders equity 529.000 23,000 6.000 25.000 0 57.000 08.0001 $122.000 510,000 14,000 9,000 15,000 23.000 30.000 57.00 $21.000 37.000 40,000 24.000 $122.000 $9.000 45.000 23.000 10.00 Sezon Additional information: 1. Net income for the year ending December 31, 2020 were $27,000. 2. Cash dividends of $13,000 were declared and paid during the year ended December 31 2020. 3. Long-term investments that had a carrying amount of $23,000 were sold for $18,000 in 2020. Prepare only the cash flow from operating activities for the year ended Dec 31, 2020 using the indirect methodStep by Step Solution
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