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The following is a condensed version of the comparative balance sheets for Pearl Corporation for the last two years at December 31. 2020 2019 Cash$

The following is a condensed version of the comparative balance sheets for Pearl Corporation for the last two years at December 31.

2020

2019

Cash$ 212,400 $93,600

Accounts receivable 216,000 222,000

Investments 62,400 88,800

Equipment 357,600 288,000

Accumulated Depreciation-Equipment(127,200) (106,800)

Current liabilities 160,800 181,200

Common stock 192,000 192,000

Retained earnings 368,400 212,400

Additional information:

Investments were sold at a loss of $12,000; no equipment was sold; cash dividends paid were $36,000; and net income was $192,000.

Prepare statement of cash flows for 2020 for Pearl Corporation.

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