Question: E 1 7 - 9 ( LO 2 ) AP Lu Corporation's comparative balance sheet is presented below. Additional information: Profit for the year was

E17-9(LO 2) AP Lu Corporation's comparative balance sheet is presented below.
Additional information:
Profit for the year was $22,630. Dividends declared and paid were $19,500.
No noncash investing and financing activities occurred during 2024.
The land was sold for cash of $4,900, resulting in a loss of $1,100 on the sale of the land. Instructions
Prepare a cash flow statement for 2024 using the indirect method. Lu Corporation reports under ASPE. Determine investing and financing activities.
E 1 7 - 9 ( LO 2 ) AP Lu Corporation's

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