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Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $29,000 $25,000 Accounts Receivable 10,000 12,000 Prepaid Assets
Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $29,000 $25,000 Accounts Receivable 10,000 12,000 Prepaid Assets 1,200 1,000 Total Assets $40,200 $38,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 34,000 35,000 Retained Earnings 4,500 1,200 Total Liabilities and Equity $40,200 $38,000 Additional Information Net Income $6,200 Dividends Paid 2,900 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Net Cash Flow from Operating Activities
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