Question: Question Completion Status: I7 Grades) The following comparative balance sheets 2019 & 2020 and additional information for National Company are given; Assets Dec. 31, Dec.

 Question Completion Status: I7 Grades) The following comparative balance sheets 2019

Question Completion Status: I7 Grades) The following comparative balance sheets 2019 & 2020 and additional information for National Company are given; Assets Dec. 31, Dec. 31. 2020 2019 Cash $312,000 $52,000 Accounts Receivable 104,000 96,000 Inventory and supplies 60,000 116,000 Investments 0 72,000 Machines 228,000 208,000 Accumulated depreciation- (56,000) (40,000) Machines Total Assets $648.000 $504.000 Liabilities & Stockholders' Equity Note payable 148.000 108,000 Bonds payable long-term) 148.000 188,000 Common Stock 160.000 88.000 Retained Earnings 192.000 120,000 Total Liabies & Stockholders $648.000 $504.000 Equity Income Statement & Additional information: 1 Net income for the current year ending December 31, 2020 is $116,000 2 Sold investments for cash cost 572.000 and resulting in $12.000 gan 3. The only changes alacing retained earnings are not income and cash dividends paid 4 All the following transactions are in cash Purchased new machines, repay bonds payable, and issuance common stock Required Prepare the full statement of cash flows using indirect method for the year ended December 31 2020 BITS (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) topt A2 TXO QUE

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