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E22-44 HM 23#3:Maxwell Inc. had the following transactions at December 31:Cash proceeds from sale of long-term investment in bonds of Yellow Inc. (Carrying value = $60,000)$75,000Dividends received on Red Co. stock10,500Payment for purchase of common stock from Black Inc.38,000What amount should Maxwell Inc. recognize as net cash from operating activities in its statement of cash flows at December 31?What amount should Maxwell Inc. recognize as net cash from financing activities in its statement of cash flows at December 31?
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