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Aste Decan. De 1 2019 Ch Acce 104 LOKO Mac Accumulated depreciation More Total Assets OOK 110000 72,000 200.00 (40,000) 220.000 (5000) 5840.000 5504.000 Liabilities
Aste Decan. De 1 2019 Ch Acce 104 LOKO Mac Accumulated depreciation More Total Assets OOK 110000 72,000 200.00 (40,000) 220.000 (5000) 5840.000 5504.000 Liabilities & Stockholders Equity Nole payablo 148,000 108,000 Bonds payable (long-term) 148,000 188,000 Common Stock 160,000 88,000 Retained Earnings 192,000 120,000 Total Liabilities & Stockholders $648,000 $504,000 Equity Income Statement & Additional information: 1. Net income for the current year ending December 31, 2020 is $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 4. All the following transactions are in cash Purchased new machines, repay bonds payable and sunce common nock Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020
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