s Problem 17-11A ZYour answer is partially correct. Try again. 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 Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation--equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $59,300 44,000 150,200 14,300 104,300 198,400 (62,500) 232,400 (42,900) $697,500 $45,900 64,800 143,400 24,900 135,300 198,400 (34,000) 158,000 (37,900) $698,800 $46,100 260,000 192,600 198,800 $697,500 $40,000 294,000 158,600 206,200 $698,800 Additional information: 1. Operating experies include depreciation expense of $42.000 and charges from prepond expenses of 510,600 2. Land was sold for cash at book value Cash dividends of $51,700 were paid 4. Net income for 2020 was 544,300, 5. Equipment was purchased for 595,500 ch. In addition, equipment costing 21,100 with a book value of $12.600 was toll for $6,100 cash 1. Bonds were converted face value by issuing 34,000 shares of $1 par value common stock Parcare statement of cash flows for the year ended December 31, 2020, wing the indirect method (Show amounts that decrease cash flow with either a 15,000 ar deres (15,000).) ROTHLISIRGER COMPANY Statement of Cash Flows For the art Dober 31.2010 Choron Oeste 1200 Nettocom Adjustments to reconcile et income to Depreciation Expense Dette 42.000 20.000 ES Increase in Tnventory (6,800) Increase in Prepaid Expenses 10,600 > Increase in Accounts Payable 6,100 ly 72,700 Net Cash Provided by Operating Activities 117,000 Cash Flows from Investing Activities Purchase of Equipment (95,500) Sale of Land 31,000 Sale of Equipment 12,600 Net Cash Provided by Investing Activities (51,900) Cash Flows from Financing Activities Sale of Equipment 12,6001 Net Cash Provided by Investing Activities (51,900) Cash Flows from Financing Activities > Payment of Cash Dividends (51,700) Net Increase in Cash 13,400 Cash at Beginning of Period 45,900 S Cash at End of Period 59,300 Noncash Investing and Financing Activities Issuance of Common Stock 34,000 Click if you would like to Show Work for this question: Open Show Work