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Hey guys i need help with this question Search renter website neme WOUW PROBLEMS 9.(16 points) Newman Corporation's comparative balance sheets are presented below. Newman

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Search renter website neme WOUW PROBLEMS 9.(16 points) Newman Corporation's comparative balance sheets are presented below. Newman Corporation Comparative Balance Sheet December 31 Accounts receivable Investments (long-term) Equipment Accumulated depreciation Total Assets 2020 $15,200 25,200 20.000 60.000 (14.0000 $106.400 2019 $17,700 22.300 16,000 70.000 (10,000) SU16.000 Liabilities & Stockholder Equity Accounts payable Fonds payable Common stock ( Spa) Retained earnings Total Liabilities & Stockholder Equity $14.600 10,000 50,000 31.800 $106.409 $11,100 30,000 45,000 29.900 $116.000 COLO Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. 6 6 6 6 Instruction Prepare a statement of cash flows for 2020 using the indirect method. 51 to Page 3

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