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Guling Legal? Services, Inc., ended 2020 with cash of ?$11,000. During 2021?, Guling earned net income of $80,000 and had adjustments to reconcile net income
Guling Legal? Services, Inc., ended 2020 with cash of ?$11,000. During 2021?, Guling earned net income of $80,000 and had adjustments to reconcile net income to net cash provided by operations totaling $ 16,000 ?(this is a negative? amount). Guling paid $ 32,000 to purchase equipment during 2021. During 2021?, the company declared and paid dividends of ?$35,000. Prepare Guling's statement of cash flows for the year ended December? 31, 2021?, complete with its proper heading. ?(Use parentheses or a minus sign to show cash? payments, cash? outflows, and/or a net decrease in? cash.)
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