q3

(7 Grades) The following comparative balance sheets 2019 & 2020 and additional information for "National Company" are given Assets Cash Accounts Receivable Inventory and supplies Investments Machines Accumulated depreciation Machines Total Assets Dec. 31, 2020 $156,000 52000 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 Earrings Total Liabilities & Stockholders Eouty S 74 000 74.000 80.000 96,000 $324,000 S54,000 94.000 44,000 60,000 $252.000 Note payable Bonds payable (long-term Common Stock Retained Eamings 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 end ng 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 stook. Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020 (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) For the toolbar press ALT-F10 (PC) or ALT+FN+F10 (Mac)