Use the information to prepare the statement of cash flows for the current year using indirect method
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At December 31 Assets Cash MONTGOMERY INCORPORATED Comparative Balance Sheets Accounts receivable, net Inventory Total current assets, Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity Current Year $ 57,800 14,300 128,200 200, 300 71,000 (32,100) $ 239,200 $ 34,200 600 34,800 172,900 31,500 $ 239,200 Prior Year $ 57,900 17,600 101,700 177,200 60,200 (22,200) $215,200 $ 36,900 800 37,700 160,100 17,400 $215,200 At December 31 Assets Cash MONTGOMERY INCORPORATED Comparative Balance Sheets Accounts receivable, net Inventory Total current assets, Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity Current Year $ 57,800 14,300 128,200 200, 300 71,000 (32,100) $ 239,200 $ 34,200 600 34,800 172,900 31,500 $ 239,200 Prior Year $ 57,900 17,600 101,700 177,200 60,200 (22,200) $215,200 $ 36,900 800 37,700 160,100 17,400 $215,200
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