Exercise 5-14 The comparative balance sheets of Blue Inc. at the beginning and the end of the year 2020 are as follows. Jan. 1, 2020 Inc./Dec. BLUE INC. BALANCE SHEETS Dec. 31, 2020 Assets Cash $ 48,450 Accounts receivable 95,720 Equipment 43,720 Less: Accumulated Depreciation-Equipment 21,720 Total $166,170 Liabilities and Stockholders' Equity Accounts payable $ 24,720 Common stock 103,450 Retained earnings 38,000 Total $166,170 $ 16,450 89,270 23,270 11,000 $117,990 $32,000 Inc. 6,450 Inc. 20,450 Inc. 10,720 Inc. $ 16,270 81,270 20,450 8,450 Inc. 22,180 Inc. 17,550 Inc. $117,990 Net income of $48,720 was reported, and dividends of $31,170 were paid 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 - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLUE INC. Statement of Cash Flows Adjustments to reconcile net income to