3) Given the following information, prepare a statement of cash flows: Depreciation 60,000 Increase...
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Accounting
3) Given the following information, prepare a statement of cash flows:
Depreciation 60,000
Increase in accounts receivable 25,000
Decrease in accrued expenses 5,000
Net Income $115,500
Increase in bonds payable 45,000
Increase in inventory 25,000
Preferred stock dividends paid 10,500
Decrease in prepaid expenses 10,000
Common stock dividends paid 50,000
Increase in plant and equipment 110,000
Increase in accounts payable 40,000
Increase in investments 25,000
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