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The following information is taken from Prince corporations financial statements.

                                                                           2004                                2003

Cash                                                             100000                                 27000

Accounts Receivable                                  95000                                  80000

Allowance for Doubtful Accounts              (4500)                                 (3100)

Inventory                                                      145000                                 175000

Prepaid Expenses                                      7500                                       6800

Land                                                              100000                                 60000

Buildings                                                       287000                                 244000

Accumulated Depreciation                        (35000)                                 (13000)

Patents                                                         20000                                    35000

                                                                      ======                                  =======       

                                                                     715000                                   611700

                                                                     =======                                =======

Accounts Payable                                     90000                                     84000

Accrued Liabilities                                     54000                                    63000

Bonds Payable                                           135000                                  60000

Common Stock                                          100000                                 100000

Retained Earnings                                     351000                                  312700

Treasury Stock, at cost                             (15000)                                 (8000)

                                                                     =======                              ========

                                                                   715000                                  611700

Additional Info

Net Income      63300

Depreciation Expense  22000

Amortization of patents  5000

Patents were sold for  14000

Prepare a statement of cash flows for Prince Corporation for the year 2004 (use indirect method)

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