Question: t O words Question 2 Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for

t O words Question 2 Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2020. 35 pts December 31 2019 Cash.. 2020 $42.000 Accounts receivable (net).. $60,000 84.000 144,200 Inventory. 168,000 206,600 Land.. 58.800 26.000 Equipment... 504,000 789.600 TOTAL $856,800 $1.226.400 $84,000 Accumulated depreciation.... Accounts payable.. $110,600 50,400 91,000 Notes payable - short-term..... 67,200 29,400 NECESIT s 58,800 Equipment... 26.000 504.000 TOTAL... 789,600 $856.800 Accumulated depreciation.............. $1.226.400 $84,000 $110,600 50,400 91,000 Accounts payable............ Notes payable - short-term.. Notes payable - long-term........... 67,200 29.400 168,000 302,400 Common stock. 420,000 487,200 Retained earnings.......... 67,200 205.80 TOTAL. $856,800 $1.226.400 Additional data for 2020: 1. Net income was $210,200. 2. Land was sold at a loss of $10,000. No land was bought during the year. 3. No equipment was sold during the year. All equipment purchases were paid for in cash. 4. Interest payments amounted to $10,000 and Tax payments amounted to $15,000
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