Question: Cullumber Corporation's comparative balance sheet is presented below. Additional information: 1. Profit for the year was $29,420. Dividends declared and paid were $25,350 2. No

Profit for the year was $29,420. Dividends declared and paid were $25,350

2. No noncash investing and financing activities occurred during 2024. 3. The

Cullumber Corporation's comparative balance sheet is presented below. Additional information: 1. Profit for the year was $29,420. Dividends declared and paid were $25,350 2. No noncash investing and financing activities occurred during 2024. 3. The land was sold for cash of $6,370, resulting in a loss of $1,430 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Cullumber Corporation reports under ASpe, (Shew amounts that deoreose cosh fiow with either a - sign eg. 15,000, or in parenthesis eg. (15,000). CULLUMBER CORPORATION Cash Flow Statement Adjustments to reconcile profit to $

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