Question: Question Completion State 7 Oradea The following comparative balance sheets 2019 & 2020 and additional Information for National Company given Dec 31 Assets Des 31.
Question Completion State 7 Oradea The following comparative balance sheets 2019 & 2020 and additional Information for National Company given Dec 31 Assets Des 31. 2020 2012 Cash $152.000 $44.000 Accounts Receivable 48.000 42.000 Irwantory and supplies 28.000 38 000 Investments 0 36.000 Machines 114,000 104.000 Accumulated depreciation 128 000 120.000 Machines Total Assets 5314.000 $244.000 Liabilities & Stockholders Equity Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders Equity 574 000 64.000 80.000 96.000 $314.000 554,000 36,000 44,000 10.000 5244.000 Income Statement & Additional information: Net income for the current year ending December 31, 2020 is $68.000 2. Sold westments for cash cost $36.000 and resulting in $6.000 gan 3. The only changes attecting retained emaga are ne income and cash vidends pais 4 Alte following transactions are in cash. Purchased here repay bonds payable and accomo stock Required: Prepare the fullstenent of cash flows using indirect method for the year ended Deciber 31, 2020
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