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A comparative balance sheet for AnthroCorp follows. Net income for 2020 was $25,000, and cash dividends of $10,000 were paid in 2020. No buildings and

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A comparative balance sheet for AnthroCorp follows. Net income for 2020 was $25,000, and cash dividends of $10,000 were paid in 2020. No buildings and equipment were sold in 2020. Land was sold at cost. Comparative Balance Sheet December 31 2019 Assets Cash 320,000 33.000 Accounts receivable 150.000 120.000 Inventory 200.000 230.000 Land 85.000 70.000 ilding and equipment 175.000 200.000 Accumulated depreciation 165.000) 130.000 Total assets 5565.000 3000 Liabilities and Stockholders' Equity Accounts payable 575.000 $90,000 income taxes payable 42.000 30,000 Notes payable ong-term B0.000 100.000 Preferred stock 75.000 75.000 Common stock no par 125.000 200 000 Retained earns 118.000 132.000 Tota labies and stockholders equity 565.000 628.000 Prepare a statement of cash flows for the year ended December 31, 2020, using the Indirect method to present cash lows from operating activities Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities 25.000 Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method to present cash flows from operating activities. 25,000 0 x OX DX DX OX ON Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities Not income $ Adjustments Depreciation expense Increase in accounts receivable Increase in inwentary Increase in accounts payable Decrease in income taxes payable Net cash provided (used) by operating activities Cash flows from investing activities Sale of land Purchase of building and equipment Net cash provided (used) by investing activities Cash flows from financing activities Issuance on long term debt issuance issuance of common stock Cash paid for dividends Net cash provided (used) by financing activities Net increase in cash during 2020 Cash January 1, 2020 Cash, December 31, 2020 5 OX OX D OX ON OX OK OK OX OX

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