Question
Marquez Corporation Comparative Balance Sheets December 31 2020 2019 Cash 15,200 17,700 Accounts receivable 25,200 22,300 Investments 20,000 16,000 Land 40,000 50,000 Equipment 20,000 20,000
Marquez Corporation Comparative Balance Sheets December 31 2020 2019 Cash 15,200 17,700 Accounts receivable 25,200 22,300 Investments 20,000 16,000 Land 40,000 50,000 Equipment 20,000 20,000 Accumulated depreciationequipment (14,000) (10,000) Total Assets 106,400 116,000 Accounts payable 14,600 11,100 Bonds payable 10,000 30,000 Common stock 50,000 45,000 Retained earnings 31,800 29,900 Total Liabilities and Stockholders' Equity 106,400 116,000 Additional information: Net income was $20,000. Dividends declared and paid were $18,100. Land that originally cost $10,000 was sold for $4,500. No non-cash investing and financing activities occurred during 2020. Prepare the companys statement of cash flows for 2020 applying the indirect method What was Net cash provided by operating activities? What is was the Net cash used or provided by investing activities? What is the net cash provided or used by financing activities? What is the net increase in cash? What is the cash balance at end of the period? What is the free cash flow using the information in Question 1?
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