The following summary information was provided for A Company. Item Balance, cash and cash equivalents, Dec...

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The following summary information was provided for A Company. Item Balance, cash and cash equivalents, Dec 31, 2022 Increase in Accounts Payable Increase in Accounts Receivable Decrease in Prepaid Expenses Net Income Depreciation expense Gain on sale of investments Cash at the end of the period Additional Information - A building was purchased for $175,000 • Investments were sold for $51.220 resulting in a gain of 12.940 . Common stock was issued for $335,000 Amount $782.450 19,300 21.318 4,175 50,805 13,891 12.940 $961,073 20 • Long-term debt payments totaled $50.000 • Dividends of $36,500 were paid • The company purchased equipment for $35.750 by issuing a note payable. No cash exchanged hands in the transaction. Required: Using the above information, prepare a statement of Cash Flows as of December 31, 2023, in the correct format and using correct terminology Pronove your answer on a separate sheet of paper 5 69 L The following summary information was provided for A Company. Item Balance, cash and cash equivalents, Dec 31, 2022 Increase in Accounts Payable Increase in Accounts Receivable Decrease in Prepaid Expenses Net Income Depreciation expense Gain on sale of investments Cash at the end of the period Additional Information - A building was purchased for $175,000 • Investments were sold for $51.220 resulting in a gain of 12.940 . Common stock was issued for $335,000 Amount $782.450 19,300 21.318 4,175 50,805 13,891 12.940 $961,073 20 • Long-term debt payments totaled $50.000 • Dividends of $36,500 were paid • The company purchased equipment for $35.750 by issuing a note payable. No cash exchanged hands in the transaction. Required: Using the above information, prepare a statement of Cash Flows as of December 31, 2023, in the correct format and using correct terminology Pronove your answer on a separate sheet of paper 5 69 L

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STATEMENT OF CASH FLOW DECEMBER 31 2023 OPERATING ACTIVITIES AM... View the full answer