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The comparative balance sheets for BAND Company appear below: BAND COMPANY Comparative Balance Sheet Additional information: Additional information: 1. Net income for the year ending
The comparative balance sheets for BAND Company appear below: BAND COMPANY Comparative Balance Sheet Additional information: Additional information: 1. Net income for the year ending December 31,2020 , was $30,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. Stock investments that had a book value of $18,000 were sold for $13,000. 4. Sales for 2020 are $130,000. Instructions Prepare a statement of cash flows for the year ended December 31,2020 , using the indirect method
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