Condensed financial data of Yaeger Company are shown below.
Additional information:
1. New plant assets costing $141,000 were purchased for cash during the year.
2. Investments were sold at cost.
3. Plant assets costing $36,000 were sold for $15,000, resulting in a gain of $5,000.
4. A cash dividend of $58,000 was declared and paid during the year.
Further analysis reveals that accounts payable pertain to merchandise creditors.
Instructions
Prepare a statement of cash flows for Yaeger Company using the direct method.
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