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In: Accounting

PROBLEM 4: The following information is available for Colaw Corporation for the year ended December 31,...

PROBLEM 4:

The following information is available for Colaw Corporation for the year ended December 31, 2012.

Beginning cash balance

$ 35,000

Accounts payable decrease

3,200

Depreciation expense

152,000

Accounts receivable increase

8,200

Inventory increase

13,000

Net income

269,100

Cash received for sale of land at book value

35,000

Sales

747,000

Cash dividends paid

12,000

Income tax payable increase

4,700

Cash used to purchase building

144,000

Cash used to purchase treasury stock

32,000

Cash received from issuing bonds

130,000

Instructions

Prepare a statement of cash flows using the indirect method.

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