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Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows:
(a) Net income for the year was $30,000.
(b) Dividends of $10,000 were declared and paid.
(c) Stylish's only noncash expense was depreciation, which totaled $50,000.
(d) The company purchased plant assets for $70,000.
(e) Notes payable in the amount of $40,000 were issued during the year for cash.
(f) Merchandise inventory increased $30,000.
(g) Accounts payable decreased $10,000,
Pyramids
Ancient monumental structures, typically with a square base and four triangular sides, found in various civilizations.
Glomerulus
A group of capillaries in the renal corpuscle.
Renal Corpuscle
Corpuscle that is composed of the glomerulus and the glomerular capsule. The filtration of blood occurs here.
Capillaries
The smallest blood vessels in the body's circulatory system, responsible for the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste substances between blood and tissue cells.
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