Help System Announcements Problem 17-08A The following are the financial statements of Nosker Company. 2019 NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $36,800 Accounts receivable 32,100 Inventory 29,500 Equipment 59,200 Accumulated depreciation--equipment (29,800) Total $127,800 $21,000 18,700 20,200 77,800 (23,800) $113,900 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $28,100 $ 16,000 7,000 8,200 33,900 Total 26,900 18,000 47,800 $127,800 14,400 41,400 $113,900 NOSKER COMPANY Income Statement Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $241,400 175,100 66,300 24,400 41,900 3,500 38,400 8,400 $30,000 Additional data: 1. Dividends declared and paid were $23,600. 2. During the year, equipment was sold for $9,100 cash. This equipment cost $18,600 originally and had a book value of $9,100 at the time of sale. 3. All depreciation expense, $15,500, is in the operating expenses. 4. All sales and purchases are on account. Further analysis reveals the following. 1Accounts payable pertain to merchandise suppliers 2. All operating expenses except for depreciation were paid in cash. Prepare a statement of cash flows for Nosker Company using the direct method. (Show amo parenthesis e.g. (15,000).) NOSKER COMPANY Statement of Cash Flows December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers cash payments: To Suppliers For Interest For Operating Expenses For Income Taxes Cash Flows from Operating Activities (hp Cash Flows from Investing Activities Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Redemption of Bonds Issuance of Common Stock Payment of Dividends Cash Flows from Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period LINK TO TEXT LINK TO TEXT Net Increase in Cash Cash at Beginning of Period Cash at End of Period LINK TO TEXT LINK TO TEXT Compute free cash flow. (Enter negative amount using either a negative sign preces Free cash flow Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Chip