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The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash Accounts
The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash Accounts receivable $59,300 44,000 Inventory Prepaid expenses 150,200 14,300 Land 104,300 Buildings 198,400 Accumulated depreciation--buildings (62,500) Equipment 232,400 Accumulated depreciation-equipment (42,900) Total $697,500 Liabilities and Stockholders' Equity Accounts payable $46,100 Bonds payable 260,000 Common stock, $1 par 192,600 Retained earnings 198,800 Total $697,500 2019 $45,900 64,800 143,400 24,900 135,300 198,400 (34,000) 158,000 (37,900) $698,800 $40,000 294,000 158,600 206,200 $698,800 Additional information: 142,900) $697,500 (37,900) $698,800 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $46,100 260,000 192,600 198,800 $697,500 $40,000 294,000 158,600 206,200 $698,800 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expens 2. Land was sold for cash at book value. 3. Cash dividends of $51,700 were paid. 4. Net income for 2020 was $44,300. 5. Equipment was purchased for $95,500 cash. In addition, equipment costing $21,100 with a bod 6. Bonds were converted at face value by issuing 34,000 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect metho OMO CALCULATOR Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decre - 15,000 or in parenthesis e.g. (15,000).) ROTHLISBERGER COMPANY Statement of Cash Flows Adjustments to reconcile net income to CALCULATOR FULL SCR Click if you would like to Show Work for this question: Open Show Work By accessing this question Assistance, you will learn while you earn points based on the Point Potential Polic Questid CALCULATOR 2019 $45,900 Assets 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 2020 $59,300 44,000 150,200 14,300 104,300 198,400 (62,500) 232,400 (42,900) $697,500 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 Total Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $10,600. 2. Land was sold for cash at book value. 3. Cash dividends of $51,700 were paid. 4. Net income for 2020 was $44,300. 5. Equipment was purchased for $95,500 cash. In addition, equipment costing $21,100 with a book value of $12,600 wa 6. Bonds were converted at face value by issuing 34,000 shares of $1 par value common stock ON
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