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Assets Cash The following comparative balance sheets 2019 & 2000 and a mation for National Company agen Dec.21 2929 $312,000 Dec. 21 2919 $52.000 Accounts
Assets Cash The following comparative balance sheets 2019 & 2000 and a mation for "National Company agen Dec.21 2929 $312,000 Dec. 21 2919 $52.000 Accounts Receivable 104,000 96,000 Inventory and supples 60,000 116,000 Investments 72.000 Machines 228,000 208.000 Accumulated depreciation 56,000) (40,000) Machines Total Assets $648.000 $504.000 Liabilities & Stockholders' Equity Note payable 148,000 108,000 Bonds payable Dong-term) 148,000 188,000 Common Stock 160,000 88,000 Retained Earnings 192,000 120.000 $648.000 $504.000 Total Liabilities & Stockholders Equity Income Statement & Additional information 1. Net income for the curent year ending December 31, 2020 $116,000 2. Sold investments for cash, cost $72,000 and resulting in $12.000 gain 3. The only changes affecting retained eamings are net income and cash dividends paid 4All the following transactions are in cash Purchased new machines; repay bonds payable, and issuance common stock Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020 (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE)
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