Question: please help Using the information provided below, prepare the Staternent of Cash Flows for the Gazelle Corporation for the year ended December 31, 2020. Additional
Using the information provided below, prepare the Staternent of Cash Flows for the Gazelle Corporation for the year ended December 31, 2020. Additional Information a. The loss on the cash sale of equipment was $2,100 (details in b ). b. Sold equipment costing $51,000, with accumulated depreciation of $22,850. c. Purchased equipment costing $113,250 by paying $43,250 cash and signing a long-term note payable for the balance. d. Borrowed $5,000 cash by signing a short-term note payable. e. Paid $47,500 cash to reduce the long-term notes payable. f. Issued 3,000 shares of common stock for $15 cash per share. 8. Declared and paid cash dividends of $53,600
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