q3

The following comparative balance sheets 2019 & 2020 and additional information for "National Company' are given: Assets Cash Accounts Receivable Inventory and supplies Investments Machines Accumulated depreciation-Machines Total Assets Dec. 31 2020 $156,000 52.000 30,000 0 114,000 (28,000) $324,000 Dec. 31, 2019 $26,000 48,000 58,000 36,000 104,000 (20,000) $252,000 Liabilities & Stockholders' Equity Note payable Bonds payable (long-term) Common Stock Retained Eamings Total Liablities & Stockholders' Equity $ 74,000 74,000 80,000 96,000 $324,000 S54,000 94,000 44,000 60,000 $252,000 Income Statement & Additional information: 1. Net income for the current year ending December 31, 2020 is $58,000. 2. Sold investments for cash, cost $36,000 and resulting in $6,000 gain. 3. The only changes affecting retained earnings are net income and cash dividends paid. 4. All the following transactions are in cash: Purchased new machines; repay bonds payable; and issuance common stock. Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020. f (PLEASE PROVIDE EACH AMOUNT / ITEM IN A SEPARATE LINE) For the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac)