Prepare a Statement of Cash Flows, Indirect Method. Glenheook Company's most recent bakance sheet, income statement, and other important information for 2020 are presented as follows. Additional data fos 2020 arc as follows: Sold equipment with a book value of $30.000(=540.0006 cest -510.000 accumblatod depreciation) for $28,000 cash - Purchased equaument for $96,000 cash There were no sales of loeg-term inventments (Hint: Solve for the purchase of lont-1erm investments.) - Lssued bonds for $16,000 cash Repurchased common stock (treasury shares) for $45,000 cash - Declared and paid \$12,000 in cash dividends Revouind: Use the four steps described in the chapter wo prepare a stalement of cash flows for the year ended December 31, 2020, using the imdirect method. Refer to the formast presented is Figure 6.3 "Statement of Cash Flows (Home Store, Inc.)". Briefly describe the major changes in cash identified in the statement of cash flows: and ceher important infinemation foe 3020 are presented on followe Adibiceal data for 2020 ate ai follows Purchated cquipment fie \$\$ob,000 cash ksoed bothe foe $16000 cakh Repurchased cormon adick (trcauny aharch) fut 545,000 cak Declarcd and faid 512,600 in cath dividends Nepuinal. Briefly desenhe obe major changes in cedt idfentified in the veaterteer of caah flowi. Prepare a Statement of Cash Flows, Indirect Method. Glenheook Company's most recent bakance sheet, income statement, and other important information for 2020 are presented as follows. Additional data fos 2020 arc as follows: Sold equipment with a book value of $30.000(=540.0006 cest -510.000 accumblatod depreciation) for $28,000 cash - Purchased equaument for $96,000 cash There were no sales of loeg-term inventments (Hint: Solve for the purchase of lont-1erm investments.) - Lssued bonds for $16,000 cash Repurchased common stock (treasury shares) for $45,000 cash - Declared and paid \$12,000 in cash dividends Revouind: Use the four steps described in the chapter wo prepare a stalement of cash flows for the year ended December 31, 2020, using the imdirect method. Refer to the formast presented is Figure 6.3 "Statement of Cash Flows (Home Store, Inc.)". Briefly describe the major changes in cash identified in the statement of cash flows: and ceher important infinemation foe 3020 are presented on followe Adibiceal data for 2020 ate ai follows Purchated cquipment fie \$\$ob,000 cash ksoed bothe foe $16000 cakh Repurchased cormon adick (trcauny aharch) fut 545,000 cak Declarcd and faid 512,600 in cath dividends Nepuinal. Briefly desenhe obe major changes in cedt idfentified in the veaterteer of caah flowi