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Condensed financial data of Lemere

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P12-9A Condensed financial data of Lemere Inc. follow.

LEMERE INC.
Comparative Balance Sheets
December 31

Assets 2012 2011
Cash $ 80,800 $ 48,400
Accounts receivable 87,800 38,000
Inventory 112,500 102,850
Prepaid expenses 28,400 26,000
Long-term investments 138,000 109,000
Plant assets 285,000 242,500

so on ...

Additional information:

1. New plant assets costing $100,000 were purchased for cash during the year.

2. Old plant assets having an original cost of $57,500 and accumulated depreciation of
$48,500 were sold for $1,500 cash.

3. Bonds payable matured and were paid off at face value for cash.

4. A cash dividend of $26,030 was declared and paid during the year.

Instructions

Prepare a statement of cash flows using the indirect method.

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