Question: Please solve quickly Presented below are the comparative December 31 financial statements for Dubai Industries, Inc. (in Millions). Prepare a statement of cash flows for

Please solve quickly
Please solve quickly Presented below are the comparative December 31 financial statements
for Dubai Industries, Inc. (in Millions). Prepare a statement of cash flows

Presented below are the comparative December 31 financial statements for Dubai Industries, Inc. (in Millions). Prepare a statement of cash flows for December 31, Year 2 using the indirect method. Dubai Industries, Inc Balance Sheets At December 31, Year 2 and Year 1 Year 2 Year 1 Cash $96,719 $28,694 Accounts Receivable 100,000 85,313 Inventory 206,250 181.250 Prepaid Insurance 1,875 2,500 Land, Buildings, and Equipment 1.562,500 1.406,250 Accumulated Depreciation (762,500) (715,000) Investments 19.375 106.250 Total Assets $1.224.219 $1.095.256 Accounts Payable $95,425 $185,838 Salaries Payable 25,000 30.625 Notes Payable 31.250 93,750 Bonds Payable 250,000 Common Stock 375.000 375.000 Retained Earnings 447,544 410.044 $1.224.219 $1.095,256 Additional information for Year 2 (1) Sold available for sale securities costing $86,875 for $92,500. (2) Equipment costing $25,000 with a book value of $6,250 was sold for $7,000 (3) Issued 8% bonds at face value for $250,000. (4) Purchased new equipment for $181,250 and paid cash. (5) Paid cash dividends of $25,000. (6) Net inodme was $62,500, The gain from the equipment sales will be equal to 750 1250 7000 6250 QUESTION 7 Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Credit Accounts Receivable-trade Building and Equipment Cash in bank-operating Interest Receivable Installment Receivables Merchandise Inventory Debit $720 1020 49 35 60 25 525 8 32 19 60 Notes Receivable-long term Petty Cash Prepaid Expenses--current Supplies Patent Accounts Payable-trade Accumulated Depreciation Additional Paid-in Capital Allowance for Uncollectible Accounts Cash Dividends Payable Common Stock-$1 par value Income Tax Payable Notes Payable-2 years Retained Earnings Unearned Revenues-2 years. Cash Dividends Declared Income Summary TOTALS 625 225 600 55 60 45 85 900 65 85 240 348 $3093 $3093 What are long-term assets for San Marcos Corporation

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