Metlock Corporation's balance sheet at the end of 2024 included the following items. The following...
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Metlock Corporation's balance sheet at the end of 2024 included the following items. The following information is available for 2025. 1. Net income was $57,680. 2. Equipment (cost $21,440 and accumulated depreciation $9,440 ) wis sold for $11,440. 3. Depreciation expense was $5,440 on the building and $10,440 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,440. 6. An addition to the building was completed at a cost of $28,440, 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,130 were issued. 9. Cash dividends of $30,000 were declared and paid 10. Treasury stock was purchased at a cost of $11,000. (a) Prepare astatement of cash fows for 2025. (Show amounts that decrease cash fow with either a - sign e.s.-15,000 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows for 2025. (Show amounts that decrease cash fow with either a - sign e.g. 15,000 or in parenthesis e.s. (15,000)
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