Question 1 of 6 Liabilities and Stockholders' Equity Accounts payable $111,500 $67,000 Accrued expenses payable 16,200 17,400 Bonds payable 114,800 149.400 Common stock 220,600 175, 100 Retained earnings 232,100 103,300 Total $695,200 $512,200 CHENG INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $391,300 Less: Question 1 of 6 - / 1 1- Additional information: 1. 2. New equipment costing $81,000 was purchased for cash during the year. Old equipment having an original cost of $52,500 was sold for $1,300 cash. A Bonds matured and were paid off at face value for cash. Acash dividend of $38,100 was declared and paid during the year, 3. 4 Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Cheng Inc using the direct method (Show amounts that decrease cash flow with elthera - signes -15,000 or in parenthesis 08 (15,000)) Partnerships Question 1 of 6 CHENG INC. Statement of Cash Flows Cash Flows from Operating Activities V Cash Receipts from Customers $ Less cash payments: Net Cash Provided by Operating Activities > > > C- Question of 9 DOLL 4 E W R T Y U O P D F 5 G J H K V B N AR Art