Flint Corporation's balance sheet at the end of 2019 included the following items Current assets (Cash $82,000) $236,480 Land 32.960 Buildings 121,480 Equipment 92.960 Accum. depr-buildings (31.480) Accum. depr.-equipment (11.000) Patents 41.480 Total $482.880 Current liabilities Bonds payable Common stock Retained earnings Total $151,480 101,480 182,960 46,960 $482.880 The following information is available for 2020 1. Net income was $54.810. 2. Equipment (cost $21,480 and accumulated depreciation $9.480) was sold for $11,480. 3. Depreciation expense was $5.480 on the building and $10,480 on equipment. 4. Patent amortization was $2.500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14.480. 6. An addition to the building was completed at a cost of $28,480. 7. Along-term investment in stock was purchased for $16,000. 8. Bonds payable of $52.960 were issued. 9. Cash dividends of $30.000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Patent Amortization Loss on Sale of Equipment Increase in Current Liabilities Increase in Current Assets (Other than Cash) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Addition to Building Investment in Stock Net Cash Provided by Investing Activities Net Cash Used by Financing Activities Issuance of Bonds Payment of Dividends Purchase of Treasury Stock Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Balance Sheet December 31, 2020 Assets Current Assets Equity Investments Property. Plant and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less : Accumulated Depreciation Equipment Total Property, Plant and Equipment Intangible Assets Patents Total Assets Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Stockholders' Equity Total Liabilities and Stockholders' Equity