Here are comparative statements of financial position for Splish Brothers SE Syal SE Comparative Statements of Financial Position December 31 2020 Assets 2019 Land 72.800 101.600 260,000 200,000 Equipment Accumulated depreciation equipment (66,500) (33,800 Inventory 170,200 186,700 Accounts receivable 86,400 71,300 Cash 72.800 33,300 Total 595,700 559.100 Equity and Liabilities Share capital-ordinary (1 par) 215,200 173,000 Retained earnings 194.700 135,300 215.200 173,000 Equity and Liabilities Share capital-ordinary (1 par) Retained earnings Bonds payable 194,700 135,300 150,800 203,600 Accounts payable 35,000 47,200 Total 595,700 559.100 Additional information: 1. 2. Net income for 2020 was 102.000. Depreciation expense was 32.700. Cash dividends of 42.600 were declared and paid. 3. 4. Bonds payable amounting to 52,800 were redeemed for cash 52,800 . 5. Common stock was issued for 42.200 cash 6. No equipment was sold during 2020, JU .!! = 5. BUREATURED Were TUTTI Common stock was issued for 42.200 cash, No equipment was sold during 2020. Land was sold for its book value of 28,800. 6. 7 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 (15,0001) SPLISH BROTHERS SE Statement of Cash Flows Adjustments to reconcile net income to Save for Later Attempts: unlimited Submit