Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity. Accounts payable Common...

 

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Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity. Accounts payable Common stock Retained earnings LARKSPUR INC. BALANCE SHEETS Total Dec. 31, 2020 $45,330 94,070 42,070 20,070 $161,400 $ 23,070 100,330 38,000 $161,400 Jan. 1, 2020 $ 13,330 90,740 24,740 11,000 $117,810 $17,740 82,740 17,330 $117,810 Inc./Dec. $32,000 Inc. 3,330 Inc. 17,330 Inc. 9,070 Inc. 5,330 Inc. 17,590 Inc. 20,670 Inc. Net income of $47,070 was reported, and dividends of $26,400 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity. Accounts payable Common stock Retained earnings LARKSPUR INC. BALANCE SHEETS Total Dec. 31, 2020 $45,330 94,070 42,070 20,070 $161,400 $ 23,070 100,330 38,000 $161,400 Jan. 1, 2020 $ 13,330 90,740 24,740 11,000 $117,810 $17,740 82,740 17,330 $117,810 Inc./Dec. $32,000 Inc. 3,330 Inc. 17,330 Inc. 9,070 Inc. 5,330 Inc. 17,590 Inc. 20,670 Inc. Net income of $47,070 was reported, and dividends of $26,400 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answer rating: 100% (QA)

Solution CASH FLOW STATEMENT FOR THE YEAR 2020 PARTICULARS A Cash flow from Operating Activities ... View the full answer