Question: need answer now plz (7 Grades) The following comparative balance sheets 2019 8 2020 and additional information for National Company are given Dec 31. Dec.

need answer now plz
need answer now plz (7 Grades) The following comparative balance sheets 2019
8 2020 and additional information for "National Company are given Dec 31.

(7 Grades) The following comparative balance sheets 2019 8 2020 and additional information for "National Company are given Dec 31. Dec. 31. Assets 2020 2019 Cash $152,000 $44.000 Accounts Receivable 48,000 42,000 Inventory and supplies 28.000 38.000 Investments 0 36.000 Machines 114,000 104.000 Accumulated depreciation- (28.000) (20.000) Machines Total Assets $314,000 $244.000 Liabilities & Stockholders! Equity Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $74,000 64,000 80,000 96,000 $314,000 $54,000 86,000 44,000 60.000 $244,000 Income Statement & Additional information 1. Net Income for the current year ending December 31, 2020 is $58,000 2. Sold investments for cash, cost $36,000 and resulting in $6,000 gain. 3. The only changes affecting retained earnings are net income and cash dividends paid. 4. All the following transactions are in cash: Purchased new machines, repay bonds payable, and issuance common stock Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020

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