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System Announcements JUNI WIDYPLUS Course for Bronx Community College Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets

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System Announcements JUNI WIDYPLUS Course for Bronx Community College Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $72,900 Accounts receivable 85,800 Inventory 170,100 Land 73,700 Equipment 259,700 Accumulated depreciation equipment (66,200) Total $596,000 Liabilities and Stockholders' Equity Accounts payable $35,000 Bonds payable 151,000 Common stock ($1 par) 216,400 Retained earnings 193,600 Total $596,000 2019 $32,600 71,300 186,800 100,200 200,200 (33,700) $557,400 $46,700 204,000 175,500 131,200 $557,400 Additional information: 1. Net Income for 2020 was $102,800. 2. Cash dividends of $40,400 were declared and paid. 3. Bonds payable amounting to $53,000 were redeemed for cash $53,000 4. Common stock was issued for $40,900 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either as Vain Coman MacBook Pro a Search or type URL SABANAS Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign Velo Company Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work LINK TO TEKT MacBook Pro Q Search or type URL # * w o

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