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Comparative balarce sheet acoounts of Manty Inc. are prescrted belaw. Additional data lianoring tacesik 1. Net income for the year waxi $44,300. 2. Cash dividends
Comparative balarce sheet acoounts of Manty Inc. are prescrted belaw. Additional data lianoring tacesik 1. Net income for the year waxi $44,300. 2. Cash dividends declared and paid during the year were $20.500. 3. A 20% stockdividend was declared during the year. $25,000 of retained earnings was capitalized. 4. Equity investments 0 0evel af ownership is less than 20x that cast $24.800 were sold during the year for $28.600. No unrealized gains and losses were recarded on these investments in 2020. 5. Machincry that cost $3,800, on which $750 of depreciation had accumulated. waik sold for $2,250. Monty's 2020 income statement followsitannaring tawes). (a) Compute net cash fiow from operating activities using the direct method. Enter nepative anounts using elther a negathe slan preceding the number eg - 45 or parentheses eg. (45)) Net cash flow from aperating activities 5 (b) Prepare a statement of cash flows uking the indirect method. (Show amounts that decrease cash flow with elther a-stgne eg-15,000 or in parentheris eg (15,000)
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