ained earnings 1. Net loss for 2020 is $24,750. 2. Cash dividends of $15,900 were declared and paid in 2020 . 3. Land was 50dd for cash at a loss of $5,900. This was the only land transaction during the year. 4. Equipment with a cost of $18,800 and accumulated depreciation of $11,900 was sold for $6.900 cash. 5. $23,900 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $28,800. Prepare a statement of cash flows for the year ended 2020. using the indirect method. (Show amounts that decrease cash flow either a - sign e.g. 3,000 or in parenthesis e.g. (15,000)
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