The following are the financial statements of Bramble Corp..

Bramble Corp. Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$37,700			$20,000
Accounts receivable		32,300			18,300
Inventory		30,200			20,200
Equipment		59,700			77,400
Accumulated depreciationequipment		(29,400	)		(23,500	)
Total		$130,500			$112,400
Liabilities and Stockholders Equity
Accounts payable		$28,100			$16,900
Income taxes payable		7,500			8,400
Bonds payable		26,900			32,400
Common stock		17,600			14,000
Retained earnings		50,400			40,700
Total		$130,500			$112,400

Bramble Corp. Income Statement For the Year Ended December 31, 2020
Sales revenue		$242,600
Cost of goods sold		175,300
Gross profit		67,300
Operating expenses		24,900
Income from operations		42,400
Interest expense		3,100
Income before income taxes		39,300
Income tax expense		7,000
Net income		$32,300

Additional data:

1.		Dividends declared and paid were $22,600.
2.		During the year, equipment was sold for $9,600 cash. This equipment cost $17,700 originally and had a book value of $9,600 at the time of sale.
3.		All depreciation expense, $14,000, is in the operating expenses.
4.		All sales and purchases are on account.

Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities 32300 Net Income Adjustments to reconcile net income to Net Decrease in Cash