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Prepare a statement of cash flows for the year 2020. E5-15 (LO 3) (Preparation of a Statement of Cash Flows) The following is a
Prepare a statement of cash flows for the year 2020. E5-15 (LO 3) (Preparation of a Statement of Cash Flows) The following is a condensed version of the comparative balance sheets for Zubin Mel Corporation for the last two years at December 31. Cash 2020 Accounts receivable $177,000 180,000 2010 $ 78,000 185.000) Investments 52,000 74,000 Equipment 208,000 240,000 Accumulated depreciation-equipment (106,000) (89,000) Current liabilities. 134.000 151,000 Common stock 160,000 160,000 Retained earnings 307,000 177,000 Additional information: Investments were sold at a loss of $10,000; no equipment was sold; cash dividends paid were $30,000; and net income was $160,000. Instintinne
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