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Prepare a side 8.15 (L03) (Preparation of a s of the comparative balance sheets cation of a Statement of Cash Flows) The following is a

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Prepare a side 8.15 (L03) (Preparation of a s of the comparative balance sheets cation of a Statement of Cash Flows) The following is a condensed version balance sheets for Zubin Mehta Corporation for the last two years at December 31. 2019 Thef Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2020 $177,000 180,000 52,000 298,000 (106,000) 134,000 160,000 307,000 $ 78,000 185,000 74,000 240,000 (89,000) 151,000 160,000 177,000 Additional information: Investments were sold at a loss of $10,000; no equipment was sold; cash dividends paid were $30 net income was $160,000. Instructions a. Prepare a statement of cash flows for 2020 for Zubin Mehta Corporation. b. Determine Zubin Mehta Corporation's free cash flow

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