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The following is a condensed version of the comparative balance sheets for Culver Corporation for the last two years at December 31. 2020 2019 Cash
The following is a condensed version of the comparative balance sheets for Culver Corporation for the last two years at December 31. 2020 2019 Cash $362,850 369,000 $ 159,900 379,250 Accounts receivable Investments 106,600 151,700 Equipment Accumulated Depreciation-Equipment Current liabilities 610,900 (217,300) 274,700 328,000 629,350 492,000 (182,450) 309,550 Common stock 328,000 362,850 Retained earnings Additional information: Investments were sold at a loss of $20,500; no equipment was sold; cash dividends paid were $61,500; and net income was $328,000. Prepare a statement of cash flows for 2020 for Culver Corporation. (Show amounts that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.g. (15,000).) CULVER CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ $ Determine Culver Corporation's free cash flow. Free cash flow $
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