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Please help.Thank you The following are Stellar Corp.'s comparative balance sheet accounts at December 31,2020 and 2019, with a column showing the increase (decrease) from
Please help.Thank you
The following are Stellar Corp.'s comparative balance sheet accounts at December 31,2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020 . dditional information: 1. On December 31, 2019, Stellar acquired 25% of Myers Co.'s common stock for $274,500. On that date, the carrying value of Myers's assets and liabilities, which approximated their fair values, was $1,098,000. Myers reported income of $138,400 for the year ended December 31, 2020. No dividend was paid on Myers's common stock during the year. 2. During 2020 , Stellar loaned $296,600 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $45,500, plus interest at 10%, on December 31,2020 . 3. On January 2, 2020, Stellar sold equipment costing $60,600, with a carrying amount of $38,000, for $40,000 cash. 4. On December 31, 2020, Stellar entered into a capital lease for an office building. The present value of the annual rental payments is $397,200, which equals the fair value of the building. Stellar made the first rental payment of $59,400 when due on January 2, 2021. 5. Net income for 2020 was $356,200. 6. Stellar declared and paid the following cash dividends for 2020 and 2019 . Prepare a statement of cash flows for Stellar Corp. for the year ended December 31, 2020, using the indirect method. (Show amounts hat decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Cash Flows from Investing Activities 132300 Loan to TLC Co. Net Cash Used by Investing Activities Cash Flows from Financing Activities Dividends Paid Net Cash Used by Financing Activities Cash, January 1, 2020 Cash, December 31, 2020 Noncash Investing and Financing Activities Deoreciation v $ 147600
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