Acomprove balance New Comery comun below New Birth Company Comparative Balance Sheet Al December 31 2020 Cash Accounts receivable Inventory Land Equipment Acumulated depreciation equipment Totalsts $18.900 25.500 51.000 22 500 01.000 CO Stro 56.600 22.00 TOO 39,000 60.000 0.0001 S1685.CO Accounts payable Bords payable Common stock Retained carings Totalities and stockholders equity $11.700 45.000 6400 57600 $ 179, 100 $ 14,100 80.000 52 200 40.200 10.500 Additional information: 1. Net income for 2020 $24,400 2. Cain dividendy declared and paid during the year was 87,000. 3. No equipment was sold during 2020, but land was sold at cout. INSTRUCTIONS Prepare the statement of cash flows using the Indirect method. Refer to the provided word bank for assistance with descriptions and labels. Amounts must be typed with comma (ex. 12 amounts or amounts with negative impacts are determined they must be indicated using parentheses, ex. (10,000) New Birth Compant Statement of Cash Flo For the year ended De: to Adjustments to reconcile Cash at beginning of period Cash at end of period Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Depreciation expense Dividends received Gain on disposal of plant assets Increase in accounts payable Increase in accounts receivable Increase in inventory Word Bank Issuance of common stock Loss on disposal of plant assets Net cash Net income Net loss Payment of cash dividends Purchase of equipment Retirement of bonds payable Sale of equipment Sale of land A Moving to another question will save this response. Acomprove balance New Comery comun below New Birth Company Comparative Balance Sheet Al December 31 2020 Cash Accounts receivable Inventory Land Equipment Acumulated depreciation equipment Totalsts $18.900 25.500 51.000 22 500 01.000 CO Stro 56.600 22.00 TOO 39,000 60.000 0.0001 S1685.CO Accounts payable Bords payable Common stock Retained carings Totalities and stockholders equity $11.700 45.000 6400 57600 $ 179, 100 $ 14,100 80.000 52 200 40.200 10.500 Additional information: 1. Net income for 2020 $24,400 2. Cain dividendy declared and paid during the year was 87,000. 3. No equipment was sold during 2020, but land was sold at cout. INSTRUCTIONS Prepare the statement of cash flows using the Indirect method. Refer to the provided word bank for assistance with descriptions and labels. Amounts must be typed with comma (ex. 12 amounts or amounts with negative impacts are determined they must be indicated using parentheses, ex. (10,000) New Birth Compant Statement of Cash Flo For the year ended De: to Adjustments to reconcile Cash at beginning of period Cash at end of period Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Depreciation expense Dividends received Gain on disposal of plant assets Increase in accounts payable Increase in accounts receivable Increase in inventory Word Bank Issuance of common stock Loss on disposal of plant assets Net cash Net income Net loss Payment of cash dividends Purchase of equipment Retirement of bonds payable Sale of equipment Sale of land A Moving to another question will save this response
