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The company reported net Income this year as follow:s ales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $2,000,000 1,300,000 700,000 490,000 210,000 $ 60,000 (20,000) Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 250,000 80,000 $170,000Using the Indirect method, prepare a statement of cash flows for this year. (List any deduction In cash and cash outflows as negatlve amounts.) Lomax Company Statement of Cash Flows Operating activities Investing activities Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents

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