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

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17 Grades) The following comparative balance sheets 2019 & 2020 and additional information for "National Company' are given: Assets Dec. 31, Dec. 31, 2020 2019 Cash $156,000 $26,000 Accounts Receivable 52,000 48,000 Inventory and supplies 30.000 58,000 Investments 0 36,000 Machines 114,000 104,000 Accumulated depreciation Machines (28.000) (20.000) Total Assets $324.000 $252.000 Liabilities & Stockholders' Equity Note payable Bonds payable (long-term) Common Stock Retained Eamings Total Liabilities & Stockholders' Equity $ 74,000 74,000 80,000 96.000 $324.000 $ 54,000 94,000 44,000 60.000 $252.000 Income Statement 8 Additional Information: 1. Net Income for the current year ending December 31, 2020 is 558,000. 2. Sold investments for cash, cost $36,000 and resulting in $6,000 gain, 3. The only changes atlecting retained earnings are net income and cash dividenda pald 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

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