Question: Meera Corporation s comparative balance sheets are presented below Additional information 1

Meera Corporation’s comparative balance sheets are presented below.

Additional information:
1. Net income was $22,766. Dividends declared and paid were $17,716. 
2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,890. 
(a) Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g.(15,000).)
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  • CreatedAugust 26, 2013
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