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Anderson Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information. As customary, the most recent data is in the first column.
2012
12-31-2011
Balance Sheets
12-31
$ E
0.000 0.000 0.000 5.000)
$ 20.000
134.000
105.000
27.000
Cash
Inventory
1E
Equipment
Accumulated depreciation
(2
5.000
$ 232.000
2E
$ 75.000
180.000 20.000 10.000
$ 96.000
110.000
19,000
7.000
Accounts payable
Bonds payable (due in 7 years.) Common stock
Retained earnings
$ 285.000
$ 232,000
Additional Information:Net income for 2012 was $6,000.No equipment was disposed of during 2012.
Required:Prepare a Cash Flow Statement using the indirect method.
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