CALCULATOR Exercise 13-9 (Video) Here are comparative balance sheets for Velo Company Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,500 85,600 169,600 73,600 259,400 (66,300) $594,400 2019 $32,800 70,900 186,800 100,100 200,800 (34,100) $557,300 $35,00 149,100 214,400 195,400 $594,400 $46,600 203,700 175,800 131,200 $557,300 Additional information: 1. Net income for 2020 was $101,800. 2. Cash dividends of $37,600 were declared and paid. 3. Bonds payable amounting to $54,600 were redeemed for cash $54,600. 4. Common stock was issued for $38,600 cash. 5. No equipment was sold during 2020, but land was sold at cost. CALCULATOR PULL SCREEN PRINTER VERSO MESSAGE WITHUCTOR Prepare a statement of cash flows for 2020 using the Indirect method. (Show amounts that decrease cash flow with either a-siye.. -15,000, or in parenthesis Velo Company Statement of Cash Flows For the Year Ended December 31, 2020 Cash at Beginning of Period Depreciation Expense Adjustments to reconcile net income to . . 1 licy 02.2000:2021chooley...Rights Reserved. A Division of her Sofoc Q Search or enter website name $ 4 96 5 & 7 2 3 6 8 9 0 I W m R T Y 0 S D F G H J . L