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Problem #5 The current sections of the Leonard & Co. balance sheets at...

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Accounting

Problem #5
The current sections of the Leonard & Co. balance sheets at December 31,2019 and 2020 are
presented below. Dividends paid during 2020 were $83,000, depreciation expense was $29,000, and
loss on sale of an asset was $16,000
Prepare the cash privided by (used by) operating activities section of the company's statement of cash flows,
using the indirect method, for the year ended December 31,2020.
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