Make a statement of cash flows for Kennington

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Problem - The following additional information was obtained from Kennington's financial statements and auxiliary records for the year ended December 31, 20-2.

Acquired a new warehouse $90,000

Bought new warehouse equipment 60,000

Issued a note to the bank 30,000

Issued additional common stock:

Par value 30,000

Paid-in capital in excess of par 10,000

Declared and paid cash dividends 20,000

REQUIRED - Make a statement of cash flows for Kennington for the year ended December 31, 20-2.

Reference no: EM132724361

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