The operations of the Bloated Goat Caf, a small food service operation, are more complex. Sharon Nanny, the owner, has asked for your help in understanding te Required Prepare the statement of cash Problem 20 20X2 $ 12,000 14,000 20,000 Cash 320,000 (50,000 sheets and the additional information . The Bloated Goat Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 et sidor $ 15,000 Accounts Receivable olaqo sinabool 15,000 2010 Inventory hat also toy 25,000 Investments (noncurrent) and bob 10,000 5,000 Equipment 240,000 Accumulated Depreciation leoncs benne (20,000) Total Assets She EOS 11 $285,000 $321,000 Current Liabilities: Accounts Payable $ 18,000 $ 10,000 Note Payable (current) Dividends Payable 10,000 10,000 Noncurrent Liabilities: 00.1 5,000 10,000 152,000 171,000 Treasury Stock 100,000 100,000 (40,000) 40,000 bob 70,000 $285,000 Note Payable Common Stock (50,000) Retained Earnings Total Liabilities and Owners' Equity $321,000 plementing Core job dimensio Skill var Task de To 1. Investments costing $10,000 were sold for $15,000. 2 Dividends paid during 20X2 totaled $10,000. The cafe's van, which cost $20,000, was sold for $5,000. Its net book value on the date The Statement of Cash Flows 221 Additional information: of sale was $3,000 Assume that the retained earnings account is affected only by dividends declared and the results of operations (net income). 5 Assume current liabilities are paid on a timely basis. Required: 1. What amount of dividends was declared during 20X2? 2. What amount of the note payable was paid during 20x2? 3. What impact did the change in inventory during 20X2 have on cash? 4. What impact did the change in accounts payable during 20X2 have on cash? 5. What were the results of operations for 20X2? 6. What amount of investments was purchased during 20x2? 7. What was the depreciation expense for 20X2