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prepare a statement of cashflows The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 2019 Assets Cash Accounts

prepare a statement of cashflows
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The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 2019 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment $20,500 32,500 18,800 20,100 59,700 77,800 (29,000) (23,600) $130,300 $113,600 2020 $36,400 30,700 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $28,900 17,000 8,300 34,000 14,400 39,900 $130,300 $113,600 7,500 26,900 19,000 48,000 Total NOSKER COMPANY Income Statement For the Year Ended 31, 2020 Cost of goods sold Gross profit Operating expenses Income from operations Interest expense $242,700 176,300 66,400 24,400 42,000 3,500 38,500 8,100 $30,400 Income before income taxes Income tax expense Net income Additional data 1. Dividends declared and paid were $22,300 2. During the year, equipment was sold for $9,500 cash. This equipment cost $18,100 originally and had a book value of $9,500 at the time of sale. 3. All depreciation expense, $14,000, is in the operating expenses. 4. All sales and purchases are on account. Further analysis reveals the following 1. Accounts payable pertain to merchandise suppliers. 2. Al tion were paid in cash

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