Exercise 5-14 The comparative balance sheets of Pina Inc. at the beginning and the end of the year 2020 are as follows. PINA INC. BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $ 47,130 94,170 42,170 20,170 $163,300 $ 15,130 89,040 23,040 11,000 $116,210 $32,000 Inc. 5,130 Inc. 19,130 Inc. 9,170 Inc. Accounts receivable Equipment Less: Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity. Accounts payable Common stock Retained earnings Total $ 23,170 102,130 38,000 $163,300 $ 16,040 81,040 19,130 $116,210 7,130 Inc. 21,090 Inc. 18,870 Inc. Net income of $47,170 was reported, and dividends of $28,300 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 - sign e.g. -15,000 or in parenthesis e.g. (15,000).) (15,000).) PINA 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 Depreciation Expense $ Increase in Accounts Receivable V Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION A BACK NE UJII IUVIULU - 1 Poury CIVIC Cash Flows from Investing Activities Purchase of Equipment