Question: Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash f. idirect method. Additional information: 1. Net income for 2020 was $99,000.

of cash f. idirect method. Additional information: 1. Net income for 2020

was $99,000. 2. Cash dividends of $30,000 were declared and paid. 3.

Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash f. idirect method. Additional information: 1. Net income for 2020 was $99,000. 2. Cash dividends of $30,000 were declared and paid. 3. Bonds payable amounting to $63,000 were redeemed for cash $63.000. 4. Common stock was issued for $44,000 cash, 5. Equipment that cost $49,000 and had a book value of $29,400 was sold for $34,400 during 2020 ; land was sold at cost. Compute free cash flow for 2020. Free cash flow

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