Additional information:\ Net income for 2020 was

$102,000

.\ Cash dividends of

$28,000

were declared and paid.\ Bonds payable amounting to

$59,000

were redeemed for cash

$59,000

.\ Common stock was issued for

$41,000

cash.\ Equipment that cost

$49,000

and had a book value of

$29,000

was sold for

$38,000

during 2020 ; land was sold at cost.\ (a)\ Prepare a statement of cash flows for 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)

.)\ KINGBIRD COMPANY\ Statement of Cash Flows

Additional information: 1. Net income for 2020 was $102,000. 2. Cash dividends of $28,000 were declared and paid. 3. Bonds payable amounting to $59,000 were redeemed for cash $59,000. 4. Common stock was issued for $41,000 cash. 5. Equipment that cost $49,000 and had a book value of $29,000 was sold for $38,000 during 2020 ; land was sold at cost. (a) Prepare a statement of cash flows for 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).)