Prepare a statement of cash flows for 2023

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Reference no: EM133507261

Question: Net income for 2023 was $48,000 after allowing for depreciation on Sheffield House's plant assets of $14,000. The amount of interest paid during 2023 was $4,260 and the amount of income taxes paid was $20???0.

Both current assets (other than cash) and current liabilities remained at the same amount.
Prepare a statement of cash flows for 2023 using the indirect method.

Reference no: EM133507261

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