ament CALCULATOR FULL SCREEN PRINTER VE NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $34,000 Accounts receivable 32,000 Inventory 26,000 Equipment 59,000 Accumulated depreciation-equipment (29,000) Total $122,000 2019 $19,000 14,000 20,000 77,000 (23,000) $107,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,000 7,000 26,000 17,000 44,000 $122,000 $ 16,000 8,000 32,000 13,000 38,000 $107,000 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold $241,000 175,000 Gracebook ORION Downloadable eTextbook nment CALCULATOR FULL SCREEN NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $241,000 175,000 66,000 23,000 43,000 2,000 41,000 7,000 $34,000 Additional data: Dividends declared and paid were $28,000. 2. During the year, equipment was sold for $7,500 cash. This equipment cost $18,000 oric $7,500 at the time of sale. 3. All depreciation expense, $16.500, is in the operating expenses. 4. All sales and purchases are on account. Prepare a statement of cash flows using the indirect method. (Show amounts that decre sign e.g. -15,000 or in parenthesis e.g. (15, 000)) NOSKER COMPANY ignment CALCULATOR FULL SCREEN PRINTE Prepare a statement of cash flows using the indirect method. (Show amounts that decrease ca sign e.g.75,000 or in parenthesis e.g. (15,000)) NOSKER COMPANY Statement of Cash Flows Adjustments to reconcile net income to Compute free cash flow. (Enter negative amount using either a negative sign pre parentheses e.g. 45). Free Cash Flow Question Attempts: 0 of 3 used