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The following is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. 2020 Cash Accounts
The following is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. 2020 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $ 345,150 351,000 101,400 581,100 (206,700) 261,300 312,000 598,650 2019 $ 152, 100 360,750 144,300 468,000 (173,550) 294,450 312,000 345,150 Additional information: Investments were sold at a loss of $19,500; no equipment was sold; cash dividends paid were $58,500; and net income wa $312,000. Prepare a statement of cash flows for 2020 for Shamrock Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHAMROCK CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to > $ | A Determine Shamrock Corporation's free cash flow. Free cash flow $
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