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The following comparative balance sheets 2019 & 2020 and additional information for National Company are given: Assets Dec. 31, 2020 Dec. 31, 2019 Cash $152,000

The following comparative balance sheets 2019 & 2020 and additional information for "National Company" are given: Assets Dec. 31, 2020 Dec. 31, 2019 Cash $152,000 $44,000 Accounts Receivable 48,000 42,000 Inventory and supplies 28,000 38,000 Investments 0 36,000 Machines 114,000 104,000 Accumulated depreciation- Machines (28,000) (20,000) Total Assets $314,000 $244,000 Liabilities & Stockholders' Equity $74,000 $54,000 Note payable Bonds payable (long-term) 64,000 86,000 Common Stock 80,000 44,000 96,000 60,000 Retained Earnings Total Liabilities & Stockholders' $314,000 $244,000 Equity Common Stock Retained Earnings Total Liabilities & Stockholders' Equity 80,000 44,000 96.000 60.000 $314,000 $244,000 Income Statement & Additional information: 1. Net income for the current year ending December 31, 2020 is $58,000. 2. Sold investments for cash, cost $36,000 and resulting in $6,000 gain. 3. The only changes affecting retained earnings are net income and cash dividends paid. 4. All the following transactions are in cash: Purchased new machines; repay bonds payable; and issuance common stock. Required: Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020. (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B 32 Paragraph Arial 2 v. 10pt - V ALY

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