Question: How do you solve this? 2. Selected financial statement information and additional data for Jasmine Co. is presented below. Prepare a statement of cash flows

How do you solve this? How do you solve this? 2. Selected financial statement information and additional

2. Selected financial statement information and additional data for Jasmine Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2020 Cash Accounts receivable (net). Inventory Land Equipment... A/D-Eqp. Accounts payable. Notes payable - short-term.. Notes payable - long-term. Common stock Retained earnings 2020 $65,000 144,200 206,600 21,000 789,600 115,600 86,000 29,400 302,400 487,200 205,800 December 31 2019 $42,000 84,000 168,000 58,800 504,000 84,000 50,400 67,200 168,000 420,000 67,200 *change in inventory is an operating activity* Additional data for 2020: 1. Net income was $220,200. 2. Depreciation was $? 3. Land was sold at its original cost. 4. Dividends of $81,600 were paid. 5. Equipment was purchased for $84,000 cash. 6. A long-term note for $134,400 issued for equipment purchase. 7. New owners invested in company by purchasing 100 shares of Common stock for cash

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