(Preparation of a Statement of Cash Flows) The comparative balance sheets of Ren Inc. at the beginning and the end of the year 2020 appear below. Assets Cash Dec. 31, 2020 $ 45,000 Accounts receivable 91,000 Equipment 39,000 Less: Accumulated depreciation (17,000) Total $158,000 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total $ 20,000 100,000 38,000 $158,000 Ren Inc. BALANCE SHEETS Jan. 1, 2020 Inc./Dec. $13,000 $32,000 Inc. 88,000 22,000 (11,000) $112,000 3,000 Inc. 17,000 Inc. 6,000 Inc. $ 15,000 80,000 $5,000 Inc. 20,000 Inc. 17.000 21,000 Inc. $112.000 Net income of $34,000 was reported, and dividends of $13,000 were paid in 2020. New equipment was purchased and none was sold. Please prepare the statement of Cash Flows using the Indirect Method.. Attach File Browse Local Files Browse Content Collection Browse Dropbox