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Hill Company provided the following statement of financial position. Assets 20232022 Cash...

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Accounting

Hill Company provided the following statement of financial
position.
Assets 20232022
Cash and cash equivalents 750,000950,000
Accounts receivable 1,750,0001,100,000
Inventory 2,550,0001,800,000
Prepaid expenses 100,000150,000
Property, plant and equipment 5,300,0004,300,000
Accumulated depreciation (1,150,000)(800,000)
9,300,0007,500,000
Liabilities and equity 1,250,0001,000,000
Accounts payable 50,000200,000
Accrued expenses 4,750,0004,250,000
Share capital 3,250,0002,050,000
Retained earnings 9,300,0007,500,000
Additional information:
1. The statement of retained earnings for 2023 showed net income
of 1,500,000 and cash divident paid of 300,000.
2. During the year, the entity purchased equipment for cash and
issued share capital for cash.
Required:
Prepare a statement of cash flows for 2023 using the indirect
method.
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