Comparative Balance Sheets December 31 2020 2019 Cash $ 12.200 $ 17,700 Accounts receivable 24,200 22,300 Investments 25,000 16,000 Equipment 60,000 70,000 Accumulated depreciation (14.000) .(10.000) Total $107.400 $116.000 $11,100 Accounts payable $ 14,600 10,000 30,000 Bonds payable Common stock 50,000 45.000 Retained earnings 32.800 29.900 Total $107.400 $116.000 Additional information: 1. Net income was $17.200. 2. Dividends -- Calculate the amount. 3. Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold for $3,800. 4. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. 5. Depreciation Expense -- Calculate the amount. 6. Gain or Loss -- Calculate the amount. Requirement: Prepare a statement of cash flows for 2020 using the indirect method (Omit Company Heading) Table Edit View Insert Format Tools