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Question & Answer: Net Income was $18,322 Equipment which cost $10,005 and had accumulated depreciation of $1,196 was sold for $3,262 All othe…..

Indirect Method MULDUR CORPORATION Comparative Balance Sheets 31-12月 2011 Cash Accounts receivable Investments Equipment Accumulated depreciation Total $15,169 25,205 19,985 59,994 2010 Incr (DecI $17,682 (2,513) 22,308 $2,897 16,034 3,951 69,999 ($10,005) 14,039 10,089 (3950) $115,934 (19,620) $0 $106,314 Accounts payable Bonds payable Common stock Retained earnings Total $14,574 10,092 50,018 31,630 $106,314 $11,052 29,985 ($19, 23) 44,980 $5,038 29,917 $1,713 $115,934 (9,620) 1. Net Income was $18,322 2. Equipment which cost $10,005 and had accumulated depreciation of $1,196 was sold for $3,262 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Note: You have to calculate the gaiMoss on disposal of equipment with info given. Note: You have to caculate depreciation expense using Ending less Beginning phus disposal of Eq Note: You have to calcuale dividends paid with given infoination (Paid in Cash) Prepare Statement of Cash Flows with proper headings, titles and under-scoring.

Net Income was $18,322 Equipment which cost $10,005 and had accumulated depreciation of $1,196 was sold for $3,262 All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Prepare Statement of Cash Flows with proper headings, titles and under-scoring.

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