Question: 1. Cash flow from operating activities equals $70 ( net income). 2. Statement of Changes in Equity Common Stock Retained Earnings Total Equity Balance at

1. Cash flow from operating activities equals $70 ( net income). 2. Statement of Changes in Equity Common Stock Retained Earnings Total Equity Balance at Jan 1, 2020 $300 $500 $800 Common Stock Redeemed (100 (100) Add: Net Income 90 90 Less: Dividends paid (40) (40) Balance at Dec 31, 2020 $200 $550 $750

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