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View Tell me Teview A A Aa AO *' ADAC 21 1 AaBbCcDdE Headings AaBbCcDdE Normal Aa Bb CcDE AaBbCcDc AaB No Spacing Heading 1

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View Tell me Teview A A Aa AO *' ADAC 21 1 AaBbCcDdE Headings AaBbCcDdE Normal Aa Bb CcDE AaBbCcDc AaB No Spacing Heading 1 Hea 3) Hartman, Inc. has prepared the following comparative balance sheets for 2017 and 2018: Cash 2018 2017 Accounts receivable $ 282,000 $ 153,000 Inventory 139,000 117,000 Prepaid expenses 150,000 180,000 Plant assets 18,000 27,000 Accumulated depreciation 1,295,000 1,050,000 Patent (450,000) (375,000) 153,000 174,000 $1.587.000 $1.326.000 Accounts payable $ 153,000 $ 168,000 Accrued liabilities 60,000 42,000 Mortgage payable 450,000 Preferred stock 525,000 Additional paid-in capital-preferred 120,000 Common stock 600,000 600,000 Retained earnings 129,000 66,000 $1.587.000 $1,326.000 1. The Accumulated Depreciation account has been credited only for the depreciation expense fo the period. 3) Hartman, Inc. has prepared the following comparative balance sheets for 2017 and 2018: 2018 2017 Cash $ 282,000 $ 153,000 Accounts receivable 139,000 117,000 Inventory 150,000 180,000 Prepaid expenses 18,000 27.000 Plant assets 1,295,000 1,050,000 Accumulated depreciation (450,000) (375,000) Patent 153,000 174,000 $1.587.000 $1.226.000 Accounts payable $ 153,000 $168,000 Accrued liabilities 60,000 42,000 Mortgage payable 450,000 Preferred stock 525,000 Additional paid-in capital-preferred od 120,000 Common stock 600,000 600,000 Retained earnings 129.000 66.000 $1.587.000 $11.226.000 40 460 000 1. The Accumulated Depreciation account has been credited only for the depreciation expense for the period. 2. The Retained Earnings account has been charged for dividends of $138,000 and credited for the net income for the year. The income statement for 2018 is as follows: Sales revenue Cost of sales Gross profit Operating expenses Net income $1,980,000 1,089,000 891,000 690,000 $_201.000 Instructions (a) From the information above, prepare a statement of cash flows (indirect method) for Hartman, Inc. for the year ended December 31, 2018. (Recommend that the use the Q1F worksheet and T account/ JE to show workings) Net Income Operating activities $ 201,000

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