Thank you Instant brake inc s comparative daiance sneet intormation at vecember 1,UU and Uy, and its income statement tor the year ended December 31, 2020, are as follows During 2020 , the following transactions occurred 1 Purchased equipment for $20,500 cash 2 Sold the investment on January 1,2020 , for $41,800, resulting in investment income of $18,020 3 Sold equipment for $7,370 cash that had originally cost $38,520 and had $20,160 of accumulated depreciation 4 Issued $21,000 of bonds payable at face value Required 1 How much cash was paid in dividends During 2020, the following transactions occurred 1 Purchased equipment for $20,500 cash 2 Sold the investment on January 1,2020 , for $41,800, resulting in investment income of $18,020 3 Sold equipment for $7,370 cash that had originally cost $38,520 and had $20,160 of accumulated depreciation 4 Issued $21,000 of bonds payable at face value Required 1 How much cash was paid in dividends 2 Prepare a statement of cash flows for Instant Brake for the year ended December 31, 2020, using the indirect method (List any deduction in cash and cash outflows as negative amounts )

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Thank you  Instant brake inc s comparative daiance sneet intormation at vecember 1,UU and Uy, and its income statement tor the year ended December 31, 2020, are as follows  During 2020 , the following transactions occurred  1  Purchased equipment for $20,500 cash  2  Sold the investment on January 1,2020 , for $41,800, resulting in investment income of $18,020  3  Sold equipment for $7,370 cash that had originally cost $38,520 and had $20,160 of accumulated depreciation  4  Issued $21,000 of bonds payable at face value  Required  1  How much cash was paid in dividends  During 2020, the following transactions occurred  1  Purchased equipment for $20,500 cash  2  Sold the investment on January 1,2020 , for $41,800, resulting in investment income of $18,020  3  Sold equipment for $7,370 cash that had originally cost $38,520 and had $20,160 of accumulated depreciation  4  Issued $21,000 of bonds payable at face value  Required  1  How much cash was paid in dividends  2  Prepare a statement of cash flows for Instant Brake for the year ended December 31, 2020, using the indirect method  (List any deduction in cash and cash outflows as negative amounts )

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Thank you! Instant brake inc.s comparative daiance sneet intormation at vecember 1,UU and Uy, and its income statement tor the year ended December 31, 2020,

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