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Exercise 5-15 The following is a condensed version of the comparative balance sheets for Nash Corporation for the last two years at December 31. 2020

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Exercise 5-15 The following is a condensed version of the comparative balance sheets for Nash Corporation for the last two years at December 31. 2020 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $ 212,400 216,000 62,400 357,600 (127,200 ) 160,800 192,000 368,400 2019 $ 93,600 222,000 88,800 288,000 (106,800 ) 181,200 192,000 212,400 Additional information: Investments were sold at a loss of $12,000; no equipment was sold; cash dividends paid were $36,000; and net income was $192,000. Prepare statement of cash flows for 2020 for Nash Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) NASH CORPORATION Statement of Cash Flows Adjustments to reconcile net income to LINK TO TEXT Determine Nash Corporation's free cash flow. Free cash flow

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