Question: From the information given, prepare a statement of cash flows. Net income $40,000 Dividends paid 5,000 Increase in accounts receivable 10,000 Increase in accounts payable

From the information given, prepare a statement of cash flows.

Net income $40,000

Dividends paid 5,000

Increase in accounts receivable 10,000

Increase in accounts payable 7,000

Purchase of equipment 8,000

Depreciation expense 4,000

Issue of notes payable 20,000

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