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Additional information: 1. Net income for the year ending December 31,2020 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year.

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Additional information: 1. Net income for the year ending December 31,2020 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. Sales for 2020 were $120,000. pare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000).) A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec. 31,2020 Dec. 31, 2019 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Commonstock Retained earnings Total liabilities and stockholders' equity $34,000 18,000 25,000 6,000 0 60,000 $123,000(20,000) $17,000 36,000 40,000 30,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $123,000 $85,000

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