Question: Comparative balance sheets for Final Exam Company appear below Final Exam Company Comparative Balance Sheet Assets Year 2 Year 1 Cash $23,000 $15,000 Accounts

Comparative balance sheets for Final Exam Company appear below Final Exam Company Comparative Balance Sheet Assets Year 2 Year 1 Cash $23,000 $15,000 Accounts receivable 18,000 14,000 Prepaid expenses 6,000 9,000 Inventory 27,000 15.000 Long-term investments -0- 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable Bonds payable (18,000) (14,000) $116,000 $87,000 $ 21,000 $9,000 37,000 45,000 Bonds payable Common stock 37,000 45.000 40,000 23,000 Retained earnings 18,000 10,000 Total liabilities and stockholders' equity $116,000 $87,000 Additional information: 1. Net income for the year ending December 31, Year 2, was $20,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. 4. Long-term investments that had a book value of $18,000 were sold for $16,000 cash. This resulted in a $2,000 loss on the income statement. There were no sales of equipment during the year. Required: Using the indirect method calculate the following: Make sure you label each answer with Operating, Investing and Financing so I can grade them and give you as much credit as possible. Feel free to just write the answer to each of these with labels here and then provide calculations with the other calculations you will submit. Net Cash Flows from Operating Activities Net Cash Flows from Investing Activities Net Cash Flows from Financing Activities
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