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Please help me with the following: The Balance Sheets for Johnson, Inc. for the years ending December 31, 2020 and 2019 are shown below: Cash

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The Balance Sheets for Johnson, Inc. for the years ending December 31, 2020 and 2019 are shown below: Cash Dec. 31, 2020 Dec. 31, 2019 Accounts Receivable 34,500 22,000 Allowance for Doubtful Amounts 43,000 (1,900) 40,500 Prepaid expenses Inventories 4,200 (2,200) 71,500 4,600 Land 58,800 Buildings 80,000 109, 100 50,000 Accumulated Depreciation - buildings 109, 100 Equipment (30,000) (23,000) Accumulated depreciation - equipment 73,000 68,000 Delivery equipment (19,000) 32,000 (15,500) Accumulated depreciation - delivery equipment 39,000 Patents (15,000) (20,500) 7,500 25,000 388.900 355.800 Dec. 31 2020 Dec. 31, 2019 Accounts payable 26,000 29,000 Accrued liabilities 8,000 5,900 Mortgage payable 70, 100 74,900 Bonds payable 100,000 Discount on Bonds 0 (7,000) 0 Common Stock ($1PV) 55,000 50,000 Additional paid-in capital 75,000 67,500 Retained earnings 81,800 128,500 Less: Treasury Stock (20,000) 10 388.900 355.800 The income statement for 2020 is as follows: Sales 408,500 Cost of sales 228,760 Gross profit 179,740 Operating expenses (189,440) Gain on Sale of Assets 2,500 Net income (Loss) (7.200) 1. Cash dividends of $27,000 were declared and paid. 2. Co, declared and distributed a 10% stock dividend when the FMV was $2.50/sh. 3. Fully depreciated delivery equipment which cost $7,000 was sold for $500. 4. Sold $10,000 patents for $12,000 cash. 5. Issued Bonds on December 31, 2020 6. Purchased Equipment $5,000. 7. Purchased Land. Instructions (a) From the information above, prepare a statement of cash flows (indirect method) for Jenkins, Inc. for the year ended December 31, 2020. (b) From the information above, prepare a schedule of cash provided by operating activities using the direct method

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