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Here are comparative balance sheets for velo company

04/10/2021 Client: muhammad11 Deadline: 2 Day

Exercise 13-8 Here are comparative balance sheets for Velo Company, VELO COMPANY Comparative Balance Sheets December 31 Assets 2015 Cash $62,610 Accounts receivable 85,730 Inventory 170,260 Land 74,630 Equipment 270,680 Accumulated depreciation equipment (65,850) Total $598,060 Liabilities and Stockholders' Equity Accounts payable $39,170 Bonds payable 150,130 Common stock ($1 par) 214,410 Retained earnings 194,350 Total $598,060 2014 $22,430 76,290 188,990 100,690 199,850 (31,830) $556,420 $46,660 203,410 172,180 134,170 $556,420 Additional information: 1. Net income for 2015 was $92,870. 2. Cash dividends of $32,690 were declared and paid. 3. Bonds payable amounting to $53,280 were redeemed for cash $53,280. 4. Common stock was issued for $42,230 cash. 5. No equipment was sold during 2015, but land was sold at cost. Prepare a statement of cash flows for 2015 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).)
Prepare a statement of cash flows for 2015 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15, 000, or in parenthesis e.g. (15, 000).) VELO COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Adjustments to reconcile net income to
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