Question: i need the boxes in red. i have evwrything else correct besides those ones. thank yoy! Here are comparative balance sheets for Migitsu Company. Prepare




Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. 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. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign es. - 15,000 or in parenthesis eg. (15,000). Gain on Disposal of Equipment Net Cash Provided by Operating Activities * Cash Flows from Imesting Activities Sale of Land 28000 Sale of Equipment. Purchase of Equipment Net Cash Used by Investing Activities Cash Flows Irom Financing Activities Redemption of Blonds 44000 Redemption of Bonds 44000 Issuance of Common Stock Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cashat End of Period
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