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CALCULATOR FULL SCREEN Comparative Balance sheets December 31 Assets 2020 Cash $73,500 Accounts receivable 85,600 Inventory 169,500 Land 73,300 Equipment 260,200 Accumulated depreciation equipment (66,200)

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CALCULATOR FULL SCREEN Comparative Balance sheets December 31 Assets 2020 Cash $73,500 Accounts receivable 85,600 Inventory 169,500 Land 73,300 Equipment 260,200 Accumulated depreciation equipment (66,200) Total $595,900 Liabilities and Stockholders' Equity Accounts payable $35,200 Bonds payable 151,600 Common stock ($1 par) 216,600 Retained earnings 192,500 Total $595,900 2019 $32,700 71,100 187,200 100,800 200,600 (33,500) $558,900 $47,300 203,100 175,500 133,000 $558,900 Additional information: 1. Net income for 2020 was $104,800. 2. Cash dividends of $45,300 were declared and paid. 3. Bonds payable amounting to $51,500 were redeemed for cash $51,500. 4. common stock was issued for $41,100 cash 5. No equipment was sold during 2020, but land was sold at cost. ment CALCULATOR FULL SCREEN PRINTER VERS Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decat either a Sion e.o. 15, 000, or in parenthesis eg. (15,000).) Velo Company Statement of Cash Flows Adjustments to reconcile net income to

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