Equipment
that had cost $30000 and on which there was accumulated depreciation of
$10000was sold during Year 2
for $26000. The company declared and paid a cash dividend during Year 2.It did not retire any
bonds or repurchase any of its own stock.Required:1. Using the indirect
method compute the net cash provided by operating activities for Year 2.2. Prepare a statement
of cash flows for Year 2.3. Compute the free
cash flow for Year 2.4. Briefly explain why
cash declined so sharply during the year.I have done most of the work. I just need it looked over and fixed if need be.
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