Q # CLOS 1 and 2 CLO 1: Create a system of internal control for organizations 1 2 Total Question Maximum Grades 15 5 20 Student Mark I glish (United States MacBook Air Layout References Mailings Review View Tell me Arial 11 ' ' ** 2! B ADA About Acte AaBbCcDc Ca Cho AaBb an ton Seeing Sube Prepare a statement of cash flows for the year ending December 31, 2020 for XYZ company December 31 2009 2010 Cash......... $42,000 $63,000 Accounts receivable (net) 84,000 151,200 Inventory 168,000 201,600 Land 58,800 21,000 Equipment. 504,000 789,600 TOTAL..... $856,800 $1,226,400 Accumulated depreciation.. $84,000 $115,600 Accounts payable... 50,400 86,000 Notes payable - Short-term. 67,200 29,400 Notes payable - Long-term 168,000 302,400 Common stock 420,000 487,200 Retained earnings. 67,200 205.800 TOTAL... $856,800 $1,226,400 Additional data for 2010: 1. Net income was $235,200. 2. Depreciation was $31,600. 3. Land was sold at 40,000 and its original cost 37,800. 4. Dividends of $96,600 were paid. 5. Equipment was purchased for $84,000 cash. 6. A long-term note for $201,600 was used to pay for an equipment purchase. 7. Common stock was issued to pay a $67,200 long-term note payable. 214 words English (United States