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prepare the statement of cash flow for the year ended 2020 using indired method Fem Corporation Balance Sheet December 31, 2020 and 2019 Dec 31,
prepare the statement of cash flow for the year ended 2020 using indired method
Fem Corporation Balance Sheet December 31, 2020 and 2019 Dec 31, 2020 Dec 31, 2019 Assets Cash Accounts receivable. nventory.. Prepaid insurance Current Assets. Equipment....... Accumulated depreciation - equipment Total assets. Liabilities and Stockholders' Equity Accounts payable Current Liabilities.. Sonds payable. ommon stock Eetained earnings Total liabilities and stockholders' equity. $ 46,000 18,000 25,000 7,000 .96,000 60,000 (18,000) $138,000 $13,000 14,000 15,000 9.000 51,000 58,000 (24,000) $85.000 $ 25,000 25,000 35,000 40,000 38000 $138 000 $ 7.000 7,000 45,000 23,000 10.000 $85.000 dditional information for the year ending 12/31/20 (including income statement information) Net income was $40,000 Common stock was issued for $17,000. Cash dividends of $12,000 were declared and paid during the year. Equipment was sold for $16,000, resulting in a $8 000 gain. Equipment was purchased for $20 000. $138,000 Liabilities and Stockholders' Equity Accounts payable... Current Liabilities. Bonds payable.. Common stock.. Retained earnings. Total liabilities and stockholders' equity.. $ 25,000 ..25,000 35,000 40,000 38,000 $138.000 Additional information for the year ending 12/31/20 (including income statement in 1. Net income was $40,000. 2. Common stock was issued for $17,000. 3. Cash dividends of $12,000 were declared and paid during the year. 4. Equipment was sold for $16,000, resulting in a $8,000 gain. 5. Equipment was purchased for $20,000 6. Depreciation expense was $4,000. 7. Bonds of $10,000 were repaid during the year Instructions Step by Step Solution
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