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The following comparative balance sheets 2019 2020 and additional information for National Company are given Assets Dec. 31 Dec. 31. 2020 2019 Cash $152.000 544,000
The following comparative balance sheets 2019 2020 and additional information for "National Company are given Assets Dec. 31 Dec. 31. 2020 2019 Cash $152.000 544,000 Accounts Receivable 48.000 42.000 Inventory and supplies 28,000 38.000 Investments 0 36,000 Machines 114 000 104.000 Accumulated depreciation- 128 000) 120.000 Machines Total Assets $314.000 $244.000 Liabilities & Stockholders Equity Note payable Bonds payable long-term) Common Stock Retained Earnings Total Liabilities & Stockholders Equity 574 000 54 000 80 000 95.000 $314.000 554.000 85.000 44 000 50.000 $244.000 Income Statement & Additional information: 1. Net income for the current year ending December 31, 2020 558.000 2. Sold investments for cash cost $36,000 and resulting in 56.000 gan 3. The only changes affecting retained earnings are net income and cash dividends paid 4 All the following transactions are in cash Purchased now machines, repay bonds payable and not 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) _ x0Q5 F2
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