statement of cash flows for Anderson Company

Styles Anderson Company Balance Sheets At December 31 2020 2019 Assets: Cash ........... Accounts Receivable.. Merchandise Inventory .... Long-term Investments .... Machinery ............... Accumulated Depreciation ..... Total Assets. $ 29,568 38,616 87,750 67,080 210,600 (40,260) $393,354 $ 27,648 35,280 74,000 67,680 174,600 (37,440) $341,768 $ 78,000 $ 48,404 12,870 12,240 58,500 79,200 $149,370 $139,844 ...... Liabilities: Accounts Payable............ Income Taxes Payable ... Bonds Payable.... Total Liabilities... Equity: Common Stock ... Paid-in Capital in Excess of Pa Retained Earnings ............ Total Equity .......... Total Liabilities and Equity ..... 140,400 115,200 15,600 10,800 87,984 75,924 $243,984 $201,924 $393,354 $341,768 Sales.... Anderson Company Income Statement For Year Ended December 31, 2020 $288,000 Cost of Goods Sold............ $97,080 Depreciation Expense...... 35,280 Other Operating Expenses ....... 57,600 Interest Expense........... 2,400 (192,360) Anderson Company Income Statement For Year Ended December 31, 2020 Sales............ $288,000 Cost of Goods Sold........... $97,080 Depreciation Expense. 35,280 Other Operating Expenses 57,600 Interest Expense.......... 2,400 (192,360) Other Gains (Losses): Loss on Sale of Equipment (10,080) Income Before Taxes. 85,560 Income Tax Expense........ 33,180 Net Income. $ 52,380 Additional information: Long-term investments were sold for $600 cash. Old machinery was sold for $2,520 cash. New machinery was purchased for $81,060 cash. Cash dividends of $40,320 were paid. Additional shares of stock were issued for $30,000 cash. Bonds were paid off for $20,700 cash