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Wolverine realty statement of cashflows.

In the given question, income statement and balance sheet is given and asked to prepare cashflow statement.For that, we need to identify various cashflows from the given financial statements. For example, from balancesheet we can identify that , land was bought in the month of april by spending $459,600 which is a cash flow for the business. same way cash introduced as investment by owner is a cash inflow.

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