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Construct ledbetter statement of cash flows

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Reference no: EM132103818

Question - The following items were gathered from Ledbetter Company's general ledger:

Net income

$59,210

Loss on sale of equipment

13,260

Beginning cash balance

18,910

Purchase of new factory equipment

76,810

Proceeds from sale of equipment

28,300

Depreciation

9,710

Payment of cash dividends

20,460

Increase in accounts receivable

6,810

Proceeds from bank loan

26,000

Decrease in inventory

16,050

Increase in accounts payable

13,680

Increase in accrued liabilities

4,320

Using the indirect method, construct Ledbetter's statement of cash flows.

Reference no: EM132103818

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