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Here are comparative balance sheets for Vaughn Company. Assets Cash Accounts receivable Inventories Land VAUGHN...

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Accounting

Here are comparative balance sheets for Vaughn Company. Assets Cash Accounts receivable Inventories Land VAUGHN COMPANY Comparative Balance Sheets December 31 Equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings 2022 $90,520 107,880 210,800 89,280 322,400 (81,840) $739,040 $45,880 186,000 267,840 239,320 2021 $27,280 94,240 236,840 124,000 248,000 (39,680) $690,680 $58,280 260,400 215,760 156,240
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Here are comparative balance sheets for Vaughn Company. Additional information: 1. Net income for 2022 was $124,000. 2. Cash dividends of $40,920 were declared and paid. 3. Bonds payable amounting to $74,400 were redeemed for cash $74,400. 4. Common stock was issued for $52,080 cash. 5. Equipment that cost $62,000 and had a book value of $37,200 was sold for $44,640 during 2022 ; land was sold at cost. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. Compute free cash flow for 2022. Free cash flow for 2022

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