QUESTION 6 (15 marks): The comparative balance sheets for Carla Vista Corporation appear below: Muultional...
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QUESTION 6 (15 marks): The comparative balance sheets for Carla Vista Corporation appear below: Muultional information: 1. Profit for the year ending December 31,2027 was $27,160. 2. Land was sold for cash of $5,880, resulting in a loss of $1,320 on sale of the land. 3. Cash dividends were declared and paid during the year, $23,400. Additional information: 1. Profit for the year ending December 31,2027 was $27,160. 2. Land was sold for cash of $5,880, resulting in a loss of $1,320 on sale of the land. 3. Cash dividends were declared and paid during the year, $23,400. REQUIRED: Prepare a Statement of Cash Flows, using the indirect method, for the year ended December 31,2027 in proper format
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