View Policies Current Attempt in Progress A comparative statement of financial position for Bramble Corporation follows: BRAMBLE CORPORATION Statement of Financial Position December 31 Assets 2020 2019 Cash $50,700 $22.620 Accounts receivable 67,860 46,020 Inventory 103.740 63.180 FV-OCL investments in shares 49,140 65,520 Land 50,700 B0,340 Equipment 304,200 335,400 Accumulated depreciation-equipment (91.260) (67,080) Goodwill 96,720 134,940 Total $631,800 $680940 Liabilities and Shareholders' Equity Accounts payable $9,360 $39,780 Dividends payable 11,700 24,960 Notes payable 171,600 261,300 Common shares 206,700 97.500 Retained earnings 224,640 221520 Accumulated other comprehensive income 7,800 35,880 Total $631,800 $680,940 Additional information: 1. 2 3. 4. 5. 6. 7. Net income for the fiscal year ending December 31, 2020, was $14,820. In March 2020, a plot of land was purchased for future construction of a plant site. In November 2020, a different plot of land with original cost of $67.080 was sold for proceeds of $74.100 In April 2020, notes payable amounting to $109,200 were retired through the issuance of common shares. In December 2020, notes payable amounting to $19,500 were issued for cash FV-OCI Investments were purchased in July 2020 for a cost of $11,700. By December 31, 2020, the fair value of Bramble's portfolio of FV-OCI investments decreased to $49,140. No FV-OCI investments were sold in the year. On December 31, 2020, equipment with an original cost of $31,200 and accumulated depreciation to date of $9,360 was sold for proceeds of $16.380. No equipment was purchased in the year. Dividends on common shares of $24,960 and $11,700 were declared in December 2019 and December 2020, respectively The 2019 dividend was paid in January 2020 and the 2020 dividend was paid in January 2021. Dividends paid are treated as financing activities A loss on impairment was recorded in the year to reflect a decrease in the recoverable amount of goodwill. No goodwill was purchased or sold in the year. 3) Prepare a statement of cash flows using the indirect method for cash flows from operating activities how mounts that decrease cash flow with either a sign-15,000 or in parent(15.000) Ada net hused by operating < < BRAMBLE CORPORATION Statement of Cash Flows During the yar innotes payah common shares