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Question 11 View Policies Current Attempt in Progress The comparative balance sheets of Carla Inc. at the beginning and the end of the year 2020 are as follows. CARLA INC. BALANCE SHEETS Dec 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $ 48,220 $ 16,220 $32,000 Inc. Accounts receivable 95,670 89,450 6,220 Inc. 20,220 Inc. Equipment 43,670 23,450 Less: Accumulated Depreciation Equipment 21,670 11,000 10,670 Inc. Total $165,890 $ 118,120 Liabilities and Stockholders' Equity Accounts payable $ 24,670 $ 16,450 8,220 Inc. Common stock 81,450 21,770 Inc. 103,220 38,000 Retained earnings 20,220 17,780 Inc. Total $165,890 $118,120 Net income of $48,670 was reported and dividends of $30,890 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).) CARLA INC. Statement of Cash Flows Adictment to remoncile net income to CARLA INC. Statement of Cash Flows Adjustments to reconcile net income to