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conrad136 conrad136
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A year ago

Beltram Corporation's balance sheet and income statement appear below:

Comparative Balance Sheet
Ending BalanceBeginning Balance
Assets:
Cash and cash equivalents$ 30$ 26
Accounts receivable3743
Inventory6763
Property, plant, and equipment601560
Less accumulated depreciation377360
Total assets$ 358$ 332
Liabilities and stockholders' equity:
Accounts payable$ 42$ 46
Accrued liabilities2322
Income taxes payable3939
Bonds payable141170
Common stock6360
Retained earnings50(5)
Total liabilities and stockholders' equity$ 358$ 332

Income Statement
Sales$ 710
Cost of goods sold437
Gross margin273
Selling and administrative expense176
Net operating income97
Income taxes29
Net income$ 68

The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $13.

Required:

Prepare a statement of cash flows in good form using the indirect method.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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michaelfidanzamichaelfidanza
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conrad136 Author
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A year ago
Thanks
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Just got PERFECT on my quiz
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You make an excellent tutor!
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