acc215FIRSTEXAM-3 - Compatibility Mode - Saved to my Mac Mailings Review View ayout A A References A A Albacete Accode AaBbCD Aabhde AaBb 10 Spacing Heating in PROBLEM #1 The following is a condensed version of the comparative balance sheets for Martin Corporation for the last two years at December 31. CASH ACCOUNTS RECEIVABLE INVESTMENTS EQUIPMENT A/D EQUIPMENT CURRENT LIABILITIES COMMON STOCK RETAINED EARNINGS 2020 $177,000 180,000 52,000 298,000 (106,000) 134,000 160,000 307,000 2019 $ 78,000 185,000 74,000 240,000 (89,000) 151,000 160,000 177,000 Investments (long term) were sold at a loss of $10,000; no equipment was sold. Cash dividends paid were $30,000 and net income was $160,000. 1. Prepare a cash flow statement in good form. 2. Compute the free cash flow. O Focus English (United States) MacBook Pro