Question: The following comparative balance sheets 2019 & 2020 and additional information for National Company are given: Dec. 31. Dec. 31, Assets 2020 2019 Cash $152,000

 The following comparative balance sheets 2019 & 2020 and additional information
for National Company" are given: Dec. 31. Dec. 31, Assets 2020 2019

The following comparative balance sheets 2019 & 2020 and additional information for National Company" are given: Dec. 31. Dec. 31, Assets 2020 2019 Cash $152,000 $44,000 Accounts Receivable 48,000 42,000 Inventory and supplies 28.000 38,000 Investments 0 36,000 Machines 114,000 104,000 Accumulated depreciation- Machines (28.000) (20.000 Total Assets $314,000 $244.000 Liabilities & Stockholders' Equity Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $74,000 64.000 80,000 25.000 $314.000 $54,000 86,000 44.000 60.000 $244.000 Income Statement & Additional information: 1. Net Income for the current year ending 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 cast: 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 (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) For the toolbar, SS ALT EI (PC) O ALT-EN-F10(Mac)

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