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Using the indirect method, prepare a statement of cash ows for this year. (List any deduction in cash and cash outows as negative amounts. Round your...

Please help me with this accounting question. I'm completelry lost on this one so even partial answers would me extremely appreciated!

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Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as
negative amounts. Round your intermediate calculations and final answers to 2 decimal places.) Investing activities: Financing activities: Beginning cash and cash equivalents __
Ending cash and cash equivalents _-

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Exercise 14-6 Prepare a Statement of Cash Flows; Free Cash Flow [LO14-1, LO14-2, LO14-3] Comparative financial statement data for Carmono Company follow: This Year Last Year Assets
Cash $ 17.00 $ 33.00
Accounts receivable 88.00 81.00
Inventory 140.00 128.60
Total current assets 245.00 242.60
Property, plant, and equipment 288.00 232.00
Less accumulated depreciation 60.80 45.60
Net property, plant, and equipment 227.20 186.40
Total assets $472.20 $429.00
Liabilities and stockholders' Equity
Accounts payable $ 84.00 $ 65.00
Common stock 194.00 148.00
Retained earnings 194.20 216.00
Total liabilities and stockholders' equity $472.20 $429.00 I—

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For this year, the company reported net income as follows: Sales $1,800.00
Cost of goods sold 1,080.00
Gross margin 720.00
Selling and administrative expenses 700 . 00
Net income $ 20 . 00 I— This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this
year. The company did not repurchase any of its own stock this year.

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Using the indirect method, prepare a statement of cash flows for this year.... View the full answer

Carmono Company.png

Carmono Company Statement of Cash Flows
For This Year Ended December 31 Operating activities: Net income Adjustments to convert net income to a cash basis:
Depreciation Increase in accounts...

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