ng Time 1 hour. 55 minutes 03 and Dec. 31, 2020 2019 The folowing comparative balance sheets 2019 & 2020 and addtional information for "National Company" are given Assets Dec. 31, $152,000 $44.000 Cash Accounts Receivable 48.000 42.000 Inventory and supplies 28,000 38.000 Investments 0 36,000 Machines 114.000 104,000 Accumulated depreciation (28.000) (20.000) Maches stal Asse $314.000 $244,000 Liablities & Stockholders Equity Notepa $74,000 $54,000 Bunds payable (long-term) 64,000 86,000 Common Stock 80.000 44.000 Rotuned Earrings 95.000 60.000 Total Liabites & Stockholders Equity $314,000 $244.000 some Statement & Additional information 1. et moun n the cument year ending December 31, 2020 is $58.000 2 Sevestments for cash, cut $30,000 and resulting in 50,000 gain The sly changes affecting retained earnings we net income and cash dividends paid x & ared Earings 96.000 60.000 Total Lables & Stockholders $314,000 $244,000 Egaly Statement & Additional information neur the camet year ending December 31, 2020 is $58,000. Sat estes for cash, cost $36,000 and resulting in $6,000 gain The only changes affecting setained eamings are net income and cash dividends paid Ale towing transactions are in cash Purchased new machines; repay bonds payable, and issuance common stock Resviet Por the full statement of cash flows using indirect method for the year ended December 31, 2020 ALT10 (PC) or ALT-F BIUS Paragraph (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) Anal 10pt Ev XT 0 WORDS POWERED BY TINY