Question: A comparative balance sheet for Migitsu Company appears below: Net Income for 2017 was exist100,000. Cash dividends of exist33,000 were declared and paid. Bonds payable

A comparative balance sheet for Migitsu Company appears below: Net Income for 2017 was exist100,000. Cash dividends of exist33,000 were declared and paid. Bonds payable amounting to exist60,000 were redeemed to cash exist60,000. Common stock was issued for exist42,000 cash. Equipment that cost exist50,000 and had a book value of exist30,000 was sold for exist36,000 during 2017: land was sold at cost. Additional Equipment was purchased for 110,000 cash. Prepare a statement of cash flows for 2017 using the indirect method

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