Problem 17-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. 2019 ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $57,700 Accounts receivable 40,700 Inventory 151,000 Prepaid expenses 14,800 Land 107,600 Buildings 200,700 Accumulated depreciation-buildings (59,100) Equipment 229,100 Accumulated depreciation equipment (44,900) Total $697,600 Liabilities and Stockholders' Equity Accounts payable $46,100 Bonds payable 260,000 Common stock, $1 par 193,900 Retained earnings 197,600 Total $697,600 $47,400 63,000 143,100 24,500 137,900 200,700 (34,700) 155,300 (35,800) $701,400 $40,000 294,700 159,200 207,500 $701,400 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $9,700. 2. Land was sold for cash at book value. 3. Cash dividends of $54,500 were paid. 4. Net income for 2020 was $44,600. 5. Equipment was purchased for $94,800 cash. In addition, equipment costing $21,000 with a book value of $12,500 was sold for $5,200 cash. 6. Bonds were converted at face value by issuing 34,700 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) ROTHLISBERGER COMPANY Statement of Cash Flows Adjustments to reconcile net income to