Question 1 IT Grade) The following comparative balance sheets 2019 2020 and additional information for Com Assets Dec. 31 Dec.31. 2020 2019 Cash $156,000 $26.000 Accounts Receivable 62.000 18.000 Inventory and supplies 30.000 58,000 Investments 0 36,000 Machines 114,000 104.000 Accumulated depreciation Machines (28.000) (20.000) Total Assets $324.000 $252.000 Liabilities & Stockholders' Equity Note payable Bonds payable (long-term) Common Stock Retained Earnings Total Liabilities & Stockholders Equity $ 74,000 74,000 80.000 96.000 $324.000 $ 54.000 94.000 44,000 60.000 $252.000 DOLL 18 13 Bonds payable long-term Common Stock Rotuned Earnings Totor Libition & stockholders Equity 74.000 80,000 96.000 3324.000 04.000 44000 100.000 5252.000 Income Statement & Additional Information: 1. Net income for the current year ending December 31, 2020 is $68,000 2. Sold investments for cash, cost $36,000 and resulting in $6,000 goin 3. The only changes affecting retained earings are not income and cosh dividends paid 4. All the following transactions are in cash: Purchased new machines, repay bonds payable and wine common the Required: Prepare the full statement of cash flows using indirect method for the year onded December 31, 2020, (PLEASE PROVIDE EACH AMOUNT / TEM IN A SEPARATE LINE) For the toolbar, press ALT-F10 (PC) or ALTEFN+F10 (Mac) B I y s Paragraph Arial 10pt I. x x 3. T 1992 V V () DELL R G ID: DIF 3