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Use the information presented below to create a Statement of Cash Flows. Use correct...

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Accounting

Use the information presented below to create a Statement of Cash Flows. Use correct format and headings in your statement.
a. Net Income for the year was $300,000
b. Dividends of $80,000 cash were declared and paid
c. The only noncash expense was $70,000 of depreciation
d. The company purchased plant assets for $70,000 cash
e. Notes Payable of $20,000 were paid with cash
f. There was a decrease in accounts receivable of $5,000
g. There was an increase in merchandise inventory of $2,000
h. There was a decrease in accounts payable of $3,000
i. A building was purchased for $200,000 in exchange for common stock
j. Cash Balance at the beginning of the year was $450,000
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