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$400.000 $382.000 s 5,000 92.000 $100,000 s 97.000 activities section of the company's statemen 2017, using the indirect in the general ledger of Hemick Corp. Debit credit Balance 53,000 49,000 234,000 Debit Credit Balance 71,000 41,000 28,000 105,000 14,000 information is on a loss on disposal of was ed in the investing activities section S120 ion informa come was $22.630. Dividends declared and paid were $19,500. the cash investing and activities occurred during 2017. land was sold for cash of $4,900. a statement of cash flows for 2017 using the indirect method. (b) compute free cash flow. 7 s Here are comparative balance sheets for velo company. Prepare a statement of cash flows--indirect method. VELO COMPANY Comparative Balance Sheets December 31 2017 2016 63.000 s 22.000 Hiu coo 85,000 76.000 D 170,000 75,000 270,000 200,000 Accumulated depreciation-equipment 32.000) 34 COO (66,000) $597,000 $555,000 Liabilities and Stockholders Equity 39,000 47,000 150,000 200,000 174,000 92,000 Retained earnings 34,000 $597,000 $555,000 Additional information: -Net income for 2017 was $93,000 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to 000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash No equipment was sold during 2017, but land was sold at cost. Instructions Prepare a statement of cash flows for 2017 using the indirect method. E17-9 Rg ez Corporation's comparative balance sheets are presented below. s and compute free RODRIQUEZ CORPORATION 2, 3)

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