current Attempt in Progress The comparative balance sheets of Grouper Inc at the beginning and the end of the year 2020 are as follows. GROUPER INC. BALANCE SHEETS Dec 31, 2020 Jan 1, 2020 Inc./Dec. Assets Cash $ 48,040 $ 16,040 $32,000 Inc Accounts receivable 95.250 89.210 6,040 Inc 43,250 23 210 Equipment Less: Accumulated Depreciation-Equipment 20,040 Inc 21,250 11.000 10.250 Inc Total $165,290 $117.460 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $24.250 $ 16,210 8,040 Inc 103,040 81.210 21,830 Inc 20,040 17,960 Inc 38,000 $165.290 Total $117460 Net income of $48.250 was reported and dividends of $30,290 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis eg. (15,000).) GROUPER INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flowstrom Operating Activities Net Income Adjustments to reconcile net income to Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either - signes. - 15,000 or in parenthesis e-s. (15,000).) GROUPER INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities Deprecation Expense Increase in Accounts Receivable : Increase in Accounts Payable Chrom Operating Activities Cash Flows from investing Active Purchase of Eument Net Cached by investing Activities Purchase of some wce of Common Stock Cash Flows from and Activities Net increase in the Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense Increase in Accounts Recelable: Increase in Accounts Payable Cash Flows from Operating Activities Cash Flows from Investing Activities Purchase of Equipment Net Cash Used by Investing Activities Purchase of Equipment Issuance of Common Stock Cash Flows from Financing Activities Net Increase in Cash Cash at Beginning of Year e Cash at End of Year