he following are the financial statements of Nosker Company.

NOSKER COMPANY

Comparative Balance Sheets

December 31

Assets

2020

2019

Cash$37,000

$20,500

Accounts receivable32,300

18,800

Inventory29,300

20,000

Equipment59,700

77,300

Accumulated depreciationequipment(29,100

)

(24,000

)

Total$129,200

$112,600

Liabilities and Stockholders' Equity

Accounts payable$28,900

$16,700

Income taxes payable7,200

8,500

Bonds payable26,000

33,800

Common stock17,000

13,400

Retained earnings50,100

40,200

Total$129,200

$112,600

NOSKER COMPANY

Income Statement

For the Year Ended December 31, 2020

Sales revenue$241,100

Cost of goods sold176,600

Gross profit64,500

Operating expenses24,100

Income from operations40,400

Interest expense3,400

Income before income taxes37,000

Income tax expense7,700

Net income$29,300

Additional data:

1.Dividends declared and paid were $19,400.2.During the year, equipment was sold for $8,900cash. This equipment cost $17,600originally and had a book value of $8,900 at the time of sale.3.All depreciation expense, $13,800, is in the operating expenses.

4.All sales and purchases are on account.

Further analysis reveals the following.

1.Accounts payable pertain to merchandise suppliers.

2.All operating expenses except for depreciation were paid in cash.

(a)

statement of cash flows for Nosker Company using the direct method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)