The followings are accounting items taken from the records of the


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Hello, I have one assignment for Cash Flow statement of cycle projects. Could you please help me about this issue. Thank you for your efforts and time. Ray Cash Flow Statement assignment.docx The followings are accounting items taken from the records of the Biden Company for 2012: Payment of dividends to stockholders Decrease in accounts payable Decrease in accounts receivable Increase in inventories Increase in salaries payable Net income for 2012 Payment for purchase of land and buildings Payment for long-term notes payable (principal amount: 40,000; interest payment: 4,000) Issuance of ten-year bonds payable at par value Depreciation expense Proceeds from sale of patents Purchase equipment by issuing long-term notes Cash (at the beginning of 2012) $48,000 $38,000 $42,000 $12,000 $36,000 $84,000 $120,000 $44,000 $40,000 $20,000 $54,000 $36,000 $300,000 Required: Prepare the statement of cash flows for Biden Company for 2012 using the indirect method.

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