(18). Hassan Corporation's comparative balance sheets are presented below. HASSAN CORPORATION Comparative Balance Sheets December 31 Cash Accounts receivable Investments 2020 2019 $ 27,200 $ 17,700 24,200 22,300 Equipment Accumulated depreciation - Equipment Total Accounts payable Bonds payable 20,000 20,000 60,000 70,000 (14,000) (10,000) $117,400 $116,000 $ 19,600 $11,100 10,000 30,000 Common stock Retained earnings Total 55,000 45,000 32,800 29,900 $117,400 $116,000 Additional information: (1). Net income was $34,300. Dividends declared and paid were $31,400. (2). Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $5,300. (3). No noncash investing and financing activities occurred during 2020. Instructions (a). Prepare a statement of cash flows for 2020 using the indirect method. (b). Compute free cash flow. (4.2 marks) (0.8 marks)