Condensed financial data of Shamrock SA follow. Shamrock SA Comparative Statements of Financial Position December 31 Assets 2020 2019 Equipment 296.800 271,600 Accumulated depreciation--equipment (52,640) (58,240) Long-term investments 156,800 127,680 Prepaid expenses 32,816 29.120 Inventory 126,000 115,192 Accounts receivable 103,936 36,960 Cash 112,392 54,208 776,104 576,520 Total Equity and Liabilities Equity and Liabilities Share capital-ordinary 246,400 196,000 Retained earnings 262,584 118,104 Bonds payable 123,200 168,000 Accounts payable 125,440 75,376 Accrued expenses payable 18,480 19,040 Total 776,104 576,520 Shamrock SA Income Statement For the Year Ended December 31, 2020 Sales revenue 439.920 Gain on disposal of plant assets 5,600 445.520 Less: Shamrock SA Income Statement For the Year Ended December 31, 2020 Sales revenue 439,920 Gain on disposal of plant assets 5,600 445,520 Less: Cost of goods sold 151,712 Operating expenses, excluding depreciation 13,896 Depreciation expense 50,400 Income tax expense 30.560 Interest expense 5,304 251.872 193,648 Net income Additional information: Additional information: 1. 2. New equipment costing 89,600 was purchased for cash during the year. Old equipment having an original cost of 64,400 and accumulated depreciation of 56,000 was sold for 14.000 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of 49,168 was declared and paid during the year. 3. 4. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -signeg. 15,000 or in parenthesis eg. (15,000).) SHAMROCK SA Statement of Cash Flows Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with elther a-signes -15,000 or in parenthesis eg. (15,000).) SHAMROCK SA Statement of Cash Flows Adjustments to reconcile net income to 92F Clear AB Question 3 of 3 Adjustments to reconcile net income to > o san 27 Question 3 of 3 > > C