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Comparative Balance Sheets December 31 2020 Assets 2019 $73,000 $22,000 87,000 Cash Accounts receivable Inventories Land 77,000 193,000 169.000 70,000 99,000 200.000 Equipment Accumulated depreciation

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Comparative Balance Sheets December 31 2020 Assets 2019 $73,000 $22,000 87,000 Cash Accounts receivable Inventories Land 77,000 193,000 169.000 70,000 99,000 200.000 Equipment Accumulated depreciation Total 258,000 (67.000) (30,000) $590,000 $561,000 $35,000 $43,000 150,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 213,000 176,000 218,000 187,000 $590,000 129,000 $561,000 Additional information: 1. Net Income for 2020 was $87.000. 2. Cash dividends of $29,000 were declared and paid. 3. Bonds payable amounting to $63,000 were redeemed for cash $63,000. 4. Common stock was issued for $42,000 cash. 5. Equipment that cost $49,000 and had a book value of $29,400 was sold for $33,400 during 2020, land was sold at cost. Precentment of Flower2020 waling the Indirect method. Show more derechow whether as 15.000 or in theses 5.000U MGITSU COMPANY Statement of Cech Flows Adjust to recorderet Income to V

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