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Here are comparative balance sheets for Velo Company Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $72.600 Accounts receivable 86.100 Inventory 169,800 Land

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Here are comparative balance sheets for Velo Company Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $72.600 Accounts receivable 86.100 Inventory 169,800 Land 72.600 Equipment 260.100 Accumulated depreciation-equipment (65,500) Total $595.700 Liabilities and Stockholders' Equity "Accounts payable $35.100 Bonds payable 148.200 Common stock ($1 par) 217.000 Retained earnings 195,400 Total $595,700 2019 $33,300 71,200 187,400 101.500 199.700 (33,600) $559,500 $47.300 203.700 174,900 133,600 $559,500 Additional information: 1 Net income for 2020 was $101,600 2. Cash dividends of $39.800 were declared and paid. 3. Bonds payable amounting to $55,500 were redeemed for cash $55.500. 4. Common stock was issued for $42,100 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - signes -15,000, or in parenthesis es. (15,000).) Velo Company Statement of Cash Flows Adjustments to reconcile net income to Prepare a statement of cash flows for 2 sing the indirect method. (Show amounts that decrease cash flow with either a signes - 15,000 or in parenthesis es. (15,000 Velo Company Statement of Cash Flows Adjustments to reconcile net income to >

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