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Here are comparative balance sheets for Syal Company. SYAL COMPANY Comparative Balance Sheets December...

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Accounting

Here are comparative balance sheets for Syal Company.
SYAL COMPANY Comparative Balance Sheets December 31
Assets
2012
2011
Cash
$72,600
$22,270
Accounts receivable
85,590
76,280
Inventory
169,910
189,000
Land
75,730
101,590
Equipment
259,630
199,840
Accumulated depreciation%u2014equipment
(66,330
)
(31,530
)
Total
$597,130
$557,450
Liabilities and Stockholders%u2019 Equity
Accounts payable
$39,360
$47,480
Bonds payable
150,770
203,850
Common stock ($1 par)
217,390
172,210
Retained earnings
189,610
133,910
Total
$597,130
$557,450
Additional information:
1. Net income for 2012 was $103,740.
2. Cash dividends of $48,040 were declared and paid.
3. Bonds payable amounting to $53,080 were redeemed for cash $53,080.
4. Common stock was issued for $45,180 cash.
5. No equipment was sold during 2012, but land was sold at cost.
Prepare a statement of cash flows for 2012 using the indirect method

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