Cheyenne Corporation's balance sheet at the end of 2019 included the following items. $236.060 32.090 121.060 Current assets (Cash $82,000) Land Buildings Equipment Accum. depr.-buildings Accum.depr.-equipment Patents Total Current liabilities Bonds payable Common stock Retained earnings Total $151,060 101,060 182.090 46,090 $480,300 92,090 (31.060) (11.000) 41.060 $480.300 The following information is available for 2020. 1. 2. Net income was $55,150. Equipment (cost $21.060 and accumulated depreciation $9,060) was sold for $11.000 3. 4. 5. 6. 7. Depreciation expense was $5,060 on the building and $10,060 on equipment. Patent amortization was $2,500. Current assets other than cash increased by $29.000. Current liabilities increased by $14,060. An addition to the building was completed at a cost of $28,060. A long-term investment in stock was purchased for $16,000. Bonds payable of $52,090 were issued. Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000 8. 9. 10. Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) CHEYENNE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to