Problem 2-Preparation of statement of cash flows The comparative balance sheets for Kinder Company showed the following information. Additional Information concerning transactions and events during 2020 are presented below. Kinder Company Balance Sheet December 31 2020 2019 Increase (decrease) $30,900 $10,200 ??? 24,600 10700 Cash Accounts receivable (net of allowance for doubtful Account) Prepaid expenses Investments in held-to maturity securities 35,000 42,000 0 15,000 Property, plant & equipment 236,500 150,000 Accumulated depreciation -37,700 -25,000 $289,300 $202.900 $17,000 $26,500 Accounts payable Accrued 710 21,000 17,000 payable Accrued expenses Long-term notes payable Common stock Retained earnings 70,000 50,000 130,000 90,000 51.300 19,400 $289,300 $202.900 Additional data: Net income for the year 2020, $61,000. 8. Purchased machinery costing $26,500, paid cash. c. Purchased building and gave a $60,000 long-term note payable. D. No property, plant and equipment were sold during the year. E. Received $33,000 from the investments in held-to maturity securities when they became mature in 2020 with carrying value of $150,000 (any gain or loss is ordinary). F. Converted $40,000 bonds payable into common stock. G. Paid cash dividends of $29,100. Instructions 1. Follow the following format to prepare the section of "Net Cash from Operating Activities in its 2020 statement of cash flows (using the indirect method) for Kinder Company (Hint: a total of 6 adjustments are needed). Net Income $ Adjustments to reconcile net income to net cash provided by operating activities: som omary E. Converted $40,000 bonds payable into common stock. G. Pald cash dividends of $29.100. Instructions 1. Follow the following format to prepare the section of "Net Cash from Operating Activities" in its 2020 statement of cash flows (using the indirect method) for Kinder Company (Hint: a total of 6 adjustments are needed). $ Net Income Adjustments to reconcile net income to net cash provided by operating activities: $ Net cash provided (used) by operating activities 2. Identify Kinder's cash inflows or outflows from investing activities and calculate the net cash provided by investing activities in 2020. 3. Identify Kinder's cash inflows or outflows from financing activities and calculate the net cash provided by financing activities in 2020. 4. Calculate the Net Change in Cash for Kinder in 2020. 5. Identify two noncash financing and investing activities that Kinder need to report on the note to the statement of cash flows