(12 points) Consider the following information about lan Corporation for the year 2021: Decrease in...
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Accounting
(12 points) Consider the following information about lan Corporation for the year 2021: Decrease in cash Loss on early retirement of bonds Decrease in accounts receivable Sales revenue Decrease in accounts payable Depreciation expense Interest expense $ 9,700 4,240 6,000 153,000 12,910 16,500 8,000 Increase in prepaid rent 5,000 Decrease in wages payable 7,200 Increase in inventory 4,950 Increase in property plant and equipment 25,000 Amortization expense 2,500 Decrease in patent 3,000 Net Income 67,900 3,600 Increase in interest payable The above information comes from the 2020 and 2021 balance sheets, and the 2021 income statement. Prepare the operating section of the 2021 statement of cash flows for lan Corporation using the indirect method
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