Bonita Inc, had the following condensed balance sheet at the end of operations for 2019. Cash Current assets other than cash Equity invesments Plant assets (net Land BONITA INC BALANCE SHEET DECEMBER 31, 2019 $9,500 Current liabilities 29,100 Long-term notas payable 19,900 Bonds payable 66,000 Common stock 39,700 Retained earnings $164,000 $15,000 25,700 25,000 75,000 22.300 $164.000 During 2020, the following occurred. 1. 2. 4. 5. Atract of land was purchased for $9,100. Bonds payable in the amount of $15,000 were redeemed at par An additional 59,900 in common stock was issued at par. Dividends totaling $9,300 were paid to stockholders. Net income was $30,500 after allowing depreciation of $13,700. Land was purchased through the issuance of $22,400 in bonds. Bonita Inc.sold part of its investment portfolio for $13,000. This transaction resulted in a zain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2020 Both current assets (other than cash) and current liabilities remained at the same amount. 7. . (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign es -15,000 or in parenthesises (15,000). BONITA INC. Statement of Cash Flows Adjustments to reconcile net income to S e Textbook and Media Save for LA Attempts: 0 of 2 used Submit Antwer