Captured with Xnie Jan. 1, 2020 Inc./Dec. BRAMBLE INC. BALANCE SHEETS Dec. 31, 2020 Assets Cash $ 48,850 Accounts receivable 95.910 Equipment 43.910 Less: Accumulated Depreciation-Equipment 21,910 Total $ 166,760 Liabilities and Stockholders' Eouity Accounts payable $ 24,910 Common stock 103.850 Retained earnings 38.000 Total $166,760 $ 16,850 89,060 23,060 11,000 $117.970 $32,000 Inc. 6.850 Inc. 20,850 Inc. 10.910 Inc. $ 16,060 81,060 20,850 $117.970 8,850 Inc. 22.790 Inc. 17 150 Inc. Net income of $48,910 was reported and dividends of $31,760 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis es. (15,000). BRAMBLE INC. Statement of Cash Flows For the Year Ended December 31, 2020 , Cash Flows from Operating Activities Nel Income 48910 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Increase in Accounts Receivable $ Increase in Accounts Payable Depreciation Expensc Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment Cash Flows Iran Investing Activities Issuance of Common Stock Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Year Cash al End of Year $ Textbook and Media Savefur Laler Attempts: 0 of 3 used Submit