The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 57,900 $ 49,200 Accounts receivable 42,100 63,700 Inventory 150,600 147,000 Prepaid expenses 13,500 23,800 Land 105,000 136,800 Buildings 200,000 200,000 Accumulated depreciationbuildings ( 60,500 ) ( 33,200 ) Equipment 229,700 157,300 Accumulated depreciationequipment ( 42,200 ) ( 36,700 ) Total $ 696,100 $ 707,900 Liabilities and Stockholders Equity Accounts payable $ 46,500 $ 39,500 Bonds payable 260,000 293,200 Common stock, $1 par 191,100 157,900 Retained earnings 198,500 217,300 Total $ 696,100 $ 707,900 Additional information: 1. Operating expenses include depreciation expense of $ 42,000 and charges from prepaid expenses of $ 10,300. 2. Land was sold for cash at book value. 3. Cash dividends of $ 64,300 were paid. 4. Net income for 2020 was $ 45,500. 5. Equipment was purchased for $ 94,200 cash. In addition, equipment costing $ 21,800 with a book value of $ 12,600 was sold for $ 5,800 cash. 6. Bonds were converted at face value by issuing 33,200 shares of $1 par value common stock.

A statement of cash flows for the year ended December 31, 2020, using the indirect method

ROTHLISBERGER COMPANY

Statement of Cash Flows