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xa Remaining Times 1 hour. 48 minutes, 28 seconds Question completion Study Question 19 5 polvis ABC Corporation Comparative Balance Sheet December 31, 2020 2020 2019 $ Assets Cash Accounts Receivables Land Equipment Accumulated Depreciation - Equipment Total Liabilities and Stockholders' Equity Accounts Payable Common Stocks Retained Earnings Total 45,500 16,300 25.000 35,000 (1.500) 117.300 $ 25,000 15,000 35.000 20,000 (2.500) $ 92,500 $ $ $ 1.500 65,000 50 800 117,300 2,500 50,000 10,000 92.500 S s Additional loformation: 1. Net Income for 2020 was $ 32,800 2. The company paid $ 12,000 cash for dividends 3. Equipment costing $25.000 was purchased for cash Vio 4. Issued common stock for $15,000 cash. 5. The land was sold for $ 14,000 cash Based on the above given information, complete the below operating activities section of the cash flow statement for ABC Company by filling up the 10 blanks using de dropdown list. Panasonic B VIETA WASAN x (1.300) HDMI1 perating activities section of the cab Bow statement for ABC Company by filling up the 10 banks using the 4,000 Rem 28,500 Depreciation Expense Quer 37,100 BE Gain on Sale of Land dr (4,000) Net Income Net cash used by operating activities (1,000) Loss on Sale of Land 32,800 (4,300) ABC Company artial Statement of Cash Flows the Year Ended December 31, 2020 Adjustments to reconcile net income to net cash provided by operating activities: $ 2,000 v Increase in Accounts Receivable Decrease in Accounts Payable Windows bou Widows 0 Panasonic

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