Part 1: Use the two balance sheets and other information below to prepare (in proper form) a statement of cash flows for Denver Co. for the year ended 12/31/2020. Use the indirect method to prepare the operating section. Cash Accounts Receivable Prepaid rent Plant assets less: Accumulated Depreciation Patent Total Assets 31-Dec 2020 2019 18,000 8,000 3,500 4,000 5,000 1,000 64,000 70,000 (7,000) (8,000) 18,000 0 101,500 75,000 Accounts Payable Wages Payable Unearned Revenue Bonds Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 7,000 5,000 3,000 19,000 9,000 58,500 8,500 7,000 0 10,000 9,000 40,500 101,500 75,000 Other information: Net income Original cost of equip. sold Acc. Depreciation of equip. sold Proceeds from selling equip. Patent amortization expense Bank loan borrowings 19,000 6,000 3,200 4,500 3,000 9,000 The 'Plant assets' account includes land, equipment, machinery, etc. The company paid dividends and purchased a patent. Additional items affecting cash flows (solve for missing amounts and include necessary amounts in the statement): Cash dividends paid ?? Cash paid to acquire patent ?? Gain/loss from selling equipment ?? Depreciation expense