CALCULATOR FULL SCREEN PRINTER VERSION B Problem 17-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $59,000 42,300 150,300 14,700 95,700 200,300 (56,300) 229,800 (44,700) $691,100 $46,800 63,400 146,000 26,800 130,000 200,300 (30,700) 157,500 (37,000) $703,100 $46,500 260,000 188,000 196,600 $691,100 $40,000 290,700 157,300 215,100 $703,100 Additional information: Lacy Policy 2009-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons Inc. Versio hp a W SRCES NEXT Part 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $12,100. 2. Land was sold for cash at book value. 3. Cash dividends of $63,000 were paid. 4. Net income for 2020 was $44,500. 5. Equipment was purchased for $94,000 cash. In addition, equipment costing $21,700 with a book value of $13,000 was sold for $6,700 cash. 6. Bonds were converted at face value by issuing 30,700 shares of $1 par value common stock. ideo) sion Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Study ROTHLISBERGER COMPANY Statement of Cash Flows $ Adjustments to reconcile net income to $ > Privacy Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons Inc Version 4.24.20.1 hop a o W P N 9:51 PM 7/27/2020 INTEREST Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4 a W P N