Question: Please write the solution clearly because sometimes not all the solved numbers appear Assets Cash Accounts Receivable Inventory and supplies Investments Machines Accumulated depreciation-Machines Total

Please write the solution clearly because sometimes not all the solved numbers appear Please write the solution clearly because sometimes not all the solved numbers

Assets Cash Accounts Receivable Inventory and supplies Investments Machines Accumulated depreciation-Machines Total Assets Dec. 31, 2020 $156,000 52,000 30,000 0 114,000 (28,000) $324,000 Dec. 31, 2019 $26,000 48,000 58,000 36,000 104,000 (20,000) $252,000 Liabilities & Stockholders' Equity. Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $ 74,000 74,000 80,000 96,000 $324,000 $ 54,000 94,000 44,000 60.000 $252,000 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 issua Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020

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