Problem 17-11A

The comparative balance sheets for Rothlisberger Company as of December 31 are presented below.

ROTHLISBERGER COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$58,300			$46,300
Accounts receivable		41,400			65,300
Inventory		149,800			146,600
Prepaid expenses		14,600			25,500
Land		97,600			130,500
Buildings		196,100			196,100
Accumulated depreciationbuildings		(59,000	)		(32,100	)
Equipment		231,400			157,000
Accumulated depreciationequipment		(43,200	)		(36,700	)
Total		$687,000			$698,500
Liabilities and Stockholders Equity
Accounts payable		$46,200			$39,500
Bonds payable		260,000			292,100
Common stock, $1 par		189,300			157,200
Retained earnings		191,500			209,700
Total		$687,000			$698,500

Additional information:

1.		Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $10,900.
2.		Land was sold for cash at book value.
3.		Cash dividends of $63,200 were paid.
4.		Net income for 2020 was $45,000.
5.		Equipment was purchased for $95,600 cash. In addition, equipment costing $21,200 with a book value of $12,600 was sold for $6,400 cash.
6.		Bonds were converted at face value by issuing 32,100 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

For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020