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very very urgent Question 21 (16 points) Ritter Ltd's financial statements showed the following: Statement of Financial Position Information December 31, 2021 2021 2020 Cash
very very urgent Question 21 (16 points) Ritter Ltd's financial statements showed the following: Statement of Financial Position Information December 31, 2021 2021 2020 Cash $225 700 $135,600 Accounts receivable 47.000 33,000 Merchandise inventory 49,000 61,500 Long-term investment 0 25,000 Machinery 465 000 385,000 Accumulated depreciation, (280.000) (210.000) machinery Total assets $506.700 $439.100 Accounts payable $51,200 $65.600 Bonds payable 56,000 0 Common shares 200.000 200,000 Retained earnings 199,500 164.500 Total liabilities and shareholders' equity $506.700 $430, 100 Difference $90, 100 14.000 (12 500) (25,000) 80,000 70.000) $76,600 ($14 400) 56.000 35 000 SZ6,600 Statement of Income For the Year Ended December 31, 2021 Sales Cost of goods sold $705.000 Other expenses 153,000 Depreciation expenses 70.000 $982.000 9800 $982,000 Statement of Income For the Year Ended December 31, 2021 Sales Cost of goods sold $705,000 Other expenses 153,000 Depreciation expenses 70,000 Profit from operations Gain on sale of long-term investment 928,000 $54,000 10,000 Profit $64,000 Additional information: 1. The long-term investment was sold at a gain. 2. No machinery was sold during 2021. 3. A cash dividend of $29,000 was declared and paid during the year Required: Prepare the Statement of Cash Flows using the indirect method
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