Assets Cash Accounts receivable Inventories Land Equipment Accumulated depreciation Total MIGITSU COMPANY Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Type here to search 2020 $71,000 86,000 170,000 71,000 263,000 (65,000) $596,000 $38,000 152,000 Et 215,000 191,000 2019 $21,000 77,000 190,000 100,000 199,000 (32,000) $555,000 $43,000 210,000 176,000 126,000 X

here are the comparative balance sheets for migitsu company. prepare a cash statement of flows -indirect method. PART B- what is the free cash flow

NIGISUCEIVPANY Comparative Balance Sheets December 31 \begin{tabular}{lcc} Assets & 2020 & 2019 \\ \hline Cash & $71,000 & $21,000 \\ Accounts receivable & 86,000 & 77,000 \\ Inventories & 170,000 & 190,000 \\ Land & 71,000 & 100,000 \\ Equipment & 263,000 & 199,000 \\ Accumulated depreciation & (65,000 & (32,000 \\ \hline Total & $596,000 & $555,000 \end{tabular} Liabilities and Stockholders' Equity Accounts payable Bonds payable $38,000 $43,000 Commonstock (\$1 par) 152,000 210,000 Retained earnings 215,000 176,000 191,000 126,000 Type here to search Question 5 of 6 2/7 Additional information: 1. Net income for 2020 was $95,000. 2. Cash dividends of $30,000 were declared and paid. 3. Bonds payable amounting to $58,000 were redeemed for cash $58,000 4. Common stock was issued for $39,000 cash. 5. Equipment that cost $50,000 and had a book value of $30,000 was sold for $35,000 during 2020; land was sold at cost. Additional information: 1. Net incerne for 2020 was $95,000 2. Cashdividends of $30,000 were declared and paid. 3. Bonds payable amounting to $58,000 were redeemed for cash $58,000. 4. Commonstock was issued for $39,000 cash 5. Equipment that cost $50,000 and had a book value of $30,000 was sold for $35,000 during 2020 ; land was sold at cost