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Bonita Corporation's comparative balance sheets are presented below. BONITA CORPORATION Comparative Balance Sheets December 31 2020 2019 $23,300 $28,950 Cash 27,550 24,200 Accounts receivable Investments
Bonita Corporation's comparative balance sheets are presented below. BONITA CORPORATION Comparative Balance Sheets December 31 2020 2019 $23,300 $28,950 Cash 27,550 24,200 Accounts receivable Investments 29,750 17,900 57.100 71,900 Equipment (11,900) Accumulated depreciation (15,850) Total $121,850 $131,050 $16,450 $13,000 Accounts payable 7,350 34,350 Bonds payable Common stock 52,850 46,900 Retained earnings 45,200 36,800 Total $121,850 $131,050 Additional information 1 2. Net Income was $19,600. Dividends declared and paid were $11.2002 Equipment which cost $14,800 and had accumulated depreciation of $3,900 was sold for $5,900 All other changes in noncurrent account balances had a direct effect on cash flows, except the change In accumulated depreciation 3. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - signes, -15,000 or in parenthesis eg. (15,000).) BONITA CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to > > > > $
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