Question: Vaughn Corporation's comparative balance sheets are presented below. Additional information: Additional information: 1. Net income was $32,500. Dividends declared and paid were $27,100. 2. All

information: 1. Net income was $32,500. Dividends declared and paid were $27,100.

Vaughn Corporation's comparative balance sheets are presented below. Additional information: Additional information: 1. Net income was $32,500. Dividends declared and paid were $27,100. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $8,200. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesises (15,000)

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