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You have the following selected information for your company: From the year ending December 31, 2021 Income Statement: Revenue: $16,400 Cost of Goods Sold: $2,800
You have the following selected information for your company: From the year ending December 31, 2021 Income Statement: Revenue: $16,400 Cost of Goods Sold: $2,800 Depreciation Expense: $900 Wages Expense: $1,775 Net Income: (see your net income below:) From the Balance Sheets, the following are changes between December 31, 2020 and B December 31, 2021. (no change for any items not listed) Accounts Receivable: from a balance of $2,300 to a balance of $3,100 Inventory: from a balance of $4,000 to a balance of $4,600 Accounts Payable: from a balance of $1,700 to a balance of $1,300 Also from the December 31, 2020 Balance Sheet, Cash was $3,000 For 2021, there was $1,200 in capital expenditures and $500 paid in cash dividends: but no other financing or investing activities. 3 Net Incomes were as follows (use only the net income given to you): 5 Karla; $4,100 Based on the appropriate available information above, Prepare a Statement of Cash Flow (Indirect Method), using the proper format. (i.e., headings and properly label all line items)
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