(a) Prepare a statement of cash flows for 2020 for Nash Corporation. (Show amounts that decrease cash flow with either a-signe.g. - 15,000 or in parenthesis e.g. (15,000).) NASH CORPORATION Statement of Cash Flows A comparative balance sheet for Nash Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,660 $ 22,000 Accounts receivable 83,490 67,830 Inventory 181,490 190,830 Land 72,490 111,830 261,490 201,830 Equipment Accumulated Depreciation-Equipment (70,490) (43,830) Total $601,130 $550,490 Liabilities and Stockholders' Equity $ 35,490 $ 48,830 150,000 200,000 Accounts payable Bonds payable Common stock ($1 par) Retained earnings 214,000 164,000 201,640 137,660 Total $601,130 $550,490 Additional information: 1. Net income for 2020 was $127,980. No gains or losses were recorded in 2020. 2. Cash dividends of $64,000 were declared and paid. Bonds payable amounting to $50,000 were retired through issuance of common stock. 3