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A Question Completion Status: Ula Corporation had the following information in their 2020 annual report: Ula Corporation Comparative Balance Sheet December 31, 2020 2020 2012

image text in transcribed A Question Completion Status: Ula Corporation had the following information in their 2020 annual report: Ula Corporation Comparative Balance Sheet December 31, 2020 2020 2012 Assets Cash $40,000 S 25,000 Accounts Receivables S 16,000 S 15,000 Land Equipment $ 25,000 S 35,000 $ 27,500 S 20,000 Accumulated Depreciation - Equipment S 3,000 S 2,500 Building S 15,000 S 5,000 Total $ 126,500 S 102,500 Liabilities and Stockholders' Equity Accounts Payable S 1,500 S 2,500 Bonds Payable $ 25,000 S 15,000 Common Stocks Retained Earnings S 60,000 S 50,000 S 40,000 S 35,000 Total $ 126,500 S 102,500 Additional Information: 1. Net Income for 2019 was $ 19,000 2. The company paid $ 15,000 cash for dividends. 3. 4. A building costing $ 10,000 was purchased by issuing $ 10,000 bonds. All the other changes in the non-current accounts have a direct effect on cash. The land was sold for $11,000. Based on the above information, prepare the cash flow statement for 2020 in the next pageimage text in transcribed

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