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Comparat p heets December 31 2020 2019 Assets Cash $73,500 $32,700 Accounts receivable 85,600 71,100 169,500 Inventory 187,200 73,300 Land 100,800 Equipment 260,200 200,600 Accumulated
Comparat p heets December 31 2020 2019 Assets Cash $73,500 $32,700 Accounts receivable 85,600 71,100 169,500 Inventory 187,200 73,300 Land 100,800 Equipment 260,200 200,600 Accumulated depreciation-equipment (66,200) (33,500) $595,900 Total $558,900 Liabilities and Stockholders' Equity Accounts payable $35,200 $47,300 Bonds payable 151,600 203,100 Common stock ($1 par) 216,600 175,500 Retained earnings 192,500 133,000 Total $595,900 $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. Prepare a statement of cash flows for 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).) Velo Company Statement of Cash Flows Adjustments to reconcile net income to
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