1 View Policies Current Attempt in Progress Stel Coreported $145,700 of net income for 2020. The countant, in preparing the statement of cash flow, noted the following items occurring during 2020 that might affect cash flows from operating activities Stella purchased 100 shares of treasury stock at a cost of $20 per share. These shares were then resold at $25 persharn. 2 Stelle sold 100 shares of IBM common at $200 per share. The acquisition cost of these shares was $160 per share. There were no realized gains or losses recorded on this investiment in 2020. 3. Stelor revised its estimate for bad debts. Before 2020, Stellar's bad debt expense was 1% of its receivables. I2020, this percentage was increased to 2%. Net account for 20/20 were $485,400, and met accounts receivable decreant by $12.00 during 2020 Stellar issued 500 shares of its 510 par common stock for a patent. The market price of the shares on the date of the transaction was $23 per share 5. Depreciation experwe is $42700. Stek Co holds 40% of the Nirvana Company's common stock as a long-term investment. Niezna Company reported $26,900 of net income for 2020 Nirvana Comparty paid a total of 52.100 of cash dividends to all investors in 2020. Stellar declared a 10% stock dividend Orve thousand shares of 510 par common stock were distributed. The market price at date of issuance was $20 per share. 6. 7. B Prepare a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than those listed above affected the computation of 2017 net cash flow from operating activities. (Show amounts that decrease cash flow with eithere-4-15.000 or in parenthesises 15,000) Stellar Co. Statement of Cash Flows (Partial) Adjustments to reconcile net income to $