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XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash fiows. The completed

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XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash fiows. The completed comparative balance sheets and income statement are summarized: Additional Data: a. Bought equipment for cash, \$22.000, b. Paid $6.200 on the long-term note payable. c. Issued new shares of stock for $17,000 cash; d. No dividends were deciared or paid. e. Other expenses included depreciation, $5,200; salaries and wages, $20,200, taxes, $6,200; utitivies, 97,000 . t. Accounss Poyoble includes only inventory purchoses made on credit. Becsuse there are no liablity accouints relsting to taxes or orher expenses, assume that these expenses were fully paid in cash. Required: 1. Prepore the storement of cosh flows for the current yeor ended December 31 using the indirect method. (Amounss to be deducted should be indiseted with s minus sign.)

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