Question 12 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 $57,000 $49,000 Accounts receivable 42,400 64,000 Inventory 150,000 146,800 Prepaid expenses 14,300 21,600 Land 98,900 130,800 Buildings 198,400 198,400 Accumulated depreciationbuildings (60,800 ) (33,100 ) Equipment 229,000 156,400 Accumulated depreciationequipment (42,800 ) (37,500 ) Total $686,400 $696,400 Liabilities and Stockholders Equity Accounts payable $46,400 $39,200 Bonds payable 260,000 293,100 Common stock, $1 par 190,800 157,700 Retained earnings 189,200 206,400 Total $686,400 $696,400 Additional information 1 Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $7,300 2 Land was sold for cash at book value 3 Cash dividends of $62,000 were paid 4 Net income for 2020 was $44,800 5 Equipment was purchased for $94,400 cash In addition, equipment costing $21,800 with a book value of $12,800 was sold for $6,200 cash 6 Bonds were converted at face value by issuing 33,100 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) )

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Question 12 The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020

Question 12

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	$57,000		$49,000
Accounts receivable	42,400		64,000
Inventory	150,000		146,800
Prepaid expenses	14,300		21,600
Land	98,900		130,800
Buildings	198,400		198,400
Accumulated depreciationbuildings	(60,800	)	(33,100	)
Equipment	229,000		156,400
Accumulated depreciationequipment	(42,800	)	(37,500	)
Total	$686,400		$696,400
Liabilities and Stockholders Equity
Accounts payable	$46,400		$39,200
Bonds payable	260,000		293,100
Common stock, $1 par	190,800		157,700
Retained earnings	189,200		206,400
Total	$686,400		$696,400

Additional information:

1.		Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $7,300.
2.		Land was sold for cash at book value.
3.		Cash dividends of $62,000 were paid.
4.		Net income for 2020 was $44,800.
5.		Equipment was purchased for $94,400 cash. In addition, equipment costing $21,800 with a book value of $12,800 was sold for $6,200 cash.
6.		Bonds were converted at face value by issuing 33,100 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).)