Question: Exercise H Use the data in the previous exercise. Assume the net income for 2011 was USD 24,000, depreciation was USD 15,000, and dividends declared

Exercise H Use the data in the previous exercise. Assume the net income for 2011 was USD 24,000, depreciation was USD 15,000, and dividends declared and paid were USD 6,000. The company paid interest of USD 2,000 and income taxes of USD 14,000. Prepare a statement of cash flows—indirect method. Also prepare any necessary supplemental schedule(s).

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