Question 7 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 $59,300 $45,900 Accounts receivable 44,000 64,800 Inventory 150,200 143,400 Prepaid expenses 14,300 24,900 Land 104,300 135,300 Buildings 198,400 198,400 Accumulated depreciation-buildings (62,500) (34,000) Equipment 232,400 158,000 Accumulated depreciation-equipment (42,900) (37,900) Total $697,500 $698,800 Liabilities and Stockholders' Equity Accounts payable $46,100 $40,000 Bonds payable 260,000 294,000 Common stock, $1 par 192,600 158,600 CALCULATOR PULLS 232,400 (42,900) $697,500 158,000 (37,900) $698,800 Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $46,100 260,000 192,600 198,800 $697,500 $40,000 294,000 158,600 206,200 $698,800 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $10,600. 2. Land was sold for cash at book value. 3. Cash dividends of $51,700 were paid. 4. Net income for 2020 was $44,300. 5. Equipment was purchased for $95,500 cash. In addition, equipment costing $21,100 with a book value of $12,600 was sold fo 6. Bonds were converted at face value by issuing 34,000 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 des -15,000 or in parenthesis e.g. (15, 000).) ROTHLISBERGER COMPANY ROTHLISBERGER COMPANY Statement of Cash Flows Adjustments to reconcile net income to CALCI CALCULATOR F Ich work for this questioni Open Show Work