Remaining Time: 1 hour, 58 minutes, 47 seconds. Question Completion Status: Question 4 17 Grades) The following comparative balance sheets 2019 & 2020 and additional information for "National Company are given Assets Dec 31, Dec 31, 2020 2019 Cash $152,000 $44,000 Accounts Receivable 48,000 42,000 Inventory and supplies 28,000 38 000 Investments 0 36 000 Machines 114,000 104,000 Accumulated depreciation (28.000) (20.000) Machines Total Assets $314.000 $244.000 Liabilities & Stockholders Equity Note payable Bonds payable (long-term) Common Stock Retained Eaminos Total Lisbies & Stockholders Equity $74,000 64.000 B0,000 26000 $314.000 $54.000 86,000 44000 60.000 $244.000 Income Statement & Additional information: 1. Net inconiforme current year ending December 31, 2020 152030 Remaining Time: 1 hour, 58 minutes, 38 seconds. Question Completion Status: Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $74,000 64,000 80,000 96.000 $314,000 $54,000 86,000 44,000 60.000 $244,000 Income Statement & Additional information: 1. Net income for the current year ending December 31, 2020 is $68,000 2. Sold investments for cash, cost $36,000 and resulting in $6,000 gain 3. The only changes affecting retained earings are net income and cash dividends paid. 4. All the following transactions are in cash: Purchased new machines, repay bonds payable; and issuance common stock Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020. (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I us Paragraph Arial 10pt AIXO v Remaining Time: 1 hour, 58 minutes, 38 seconds. Question Completion Status: Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $74,000 64,000 80,000 96.000 $314,000 $54,000 86,000 44,000 60.000 $244,000 Income Statement & Additional information: 1. Net income for the current year ending December 31, 2020 is $68,000 2. Sold investments for cash, cost $36,000 and resulting in $6,000 gain 3. The only changes affecting retained earings are net income and cash dividends paid. 4. All the following transactions are in cash: Purchased new machines, repay bonds payable; and issuance common stock Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020. (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I us Paragraph Arial 10pt AIXO v Remaining Time: 1 hour, 58 minutes, 47 seconds. Question Completion Status: Question 4 17 Grades) The following comparative balance sheets 2019 & 2020 and additional information for "National Company are given Assets Dec 31, Dec 31, 2020 2019 Cash $152,000 $44,000 Accounts Receivable 48,000 42,000 Inventory and supplies 28,000 38 000 Investments 0 36 000 Machines 114,000 104,000 Accumulated depreciation (28.000) (20.000) Machines Total Assets $314.000 $244.000 Liabilities & Stockholders Equity Note payable Bonds payable (long-term) Common Stock Retained Eaminos Total Lisbies & Stockholders Equity $74,000 64.000 B0,000 26000 $314.000 $54.000 86,000 44000 60.000 $244.000 Income Statement & Additional information: 1. Net inconiforme current year ending December 31, 2020 152030
