MANAGERIAL ACCOUNTING HANDOUT PROBLEM 14 Score Name Section Problem (10 points). Attached is the comparative balance sheet information for Bongo Corporation for 200 and 201 . tn addition to this information, an examination of the company's other finaneial statements and accounting records provided the following. (1) The only transactions affecting Retained Earnings during 20X0 were cash dividends Cash dividends totaling $10,800 were declared for the year and net income for the year. declared and paid during the year (2) | Store equipment that cost $4,500 was purchased for cash during the year (3) Fully depreciated store equipment that cost $1,440 was discarded and its cost and (4) Office equipment that cost $900 and had been depreciated $540 was traded in on new office (5) During the year, the company purchased the land and building it occupied and had accumulated depreciation were removed from the accounts. equipment priced at $1,260. The gain or loss is to be recognized for financial reporting previously rented, paying $72,000 in cash and giving a twenty year note payable for the balance. No payments were made on notes payable during the year Three thousand six hundred shares of common stock were issued during the year for cash. There were no other gains or losses on the income statement other than those that resulted from the transactions discussed above (6) (7) REQUIRED: Prepare, in proper format, a statement of cash flows, using the indirect method, for the year ended December 31, 20X1. Also, if appropriate, prepare a schedule of noncash investing and financing activities