(Answered) Condensed financial data of lemere inc followadditional

Accounting

Condensed financial data of Lemere Inc. follow.

Additional information:

1. New plant assets costing $100,000 were purchased for cash during the year.

2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash.

3. Bonds payable matured and were paid off at face value for cash.

4. A cash dividend of $26,030 was declared and paid during the year.

Instructions

Prepare a statement of cash flows using the indirect method.

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Accounting Basics, Accounting

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