3. (25 pts) Honda Company has the following comparative balance sheets and income statement 2017...
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3. (25 pts) Honda Company has the following comparative balance sheets and income statement 2017 2016 Cash $10,000 11,000 22,000 -20,000 $63,000 $15,000 10,000 18,000 30,000 $73,000 Inventories Other Assets (net) Accounts Payable $10,000 $20,000 Retained Earnings 33.000 $63,000 $20,000 16,000 37,000 $73,000 Capital Stock Sales Cost of Sales Gain on sale of Assets Expenses Income $110,000 72,000 2,000 24,000 Depreciation expense was $5,000. A machine with a cost of $19,000 and book value of $13,000 was sold which produced the gain on sale of assets. Other assets were purchased for cash during the year, a dividend paid, and stock was issued for $4,000. Using the Indirect Method, prepare a cash flow statement
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