An analysis of the Marketable Securities control account of Melville Markets, Inc., shows the following entries during the year. Balance, Jan. 1 Debit entries $ 260,000 280,000 (160,000) $ 380,000...

ACCT 102

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Extracted text: An analysis of the Marketable Securities control account of Melville Markets, Inc., shows the following entries during the year. Balance, Jan. 1 Debit entries $ 260,000 280,000 (160,000) $ 380,000 Credit entries Balance, Dec. 31 In addition, the company's income statement includes a $35,000 loss on sales of marketable securities. None of the company's marketable securities is considered a cash equivalent. 高O 業 Compute the amounts that should appear in the statement of cash flows as: a. Purchases of marketable securities. b. Proceeds from sales of marketable securities.