uant 2 (7 Grades) 13 The following comparative balance sheets 2019 2020 and additional information for National Company are given Assets Dec 31 2020 Dec 31 2019 Cash $156,000 $26,000 Accounts Receivable 52,000 48,000 Inventory and supplies 30,000 58,000 Investments 0 36,000 Machines 114,000 104,000 Accumulated depreciation Machines (28,000) (20 000) Total Assets $324 000 $252 000 Liabilities Stockholders' Equity Note payable $ 74,000 $54,000 Bonds payable (long term) 74,000 94,000 Common Stock 80,000 44,000 Retained Earnings 96 000 60 000 Total Liabilities Stockholders' $324,000 $252 000 Equity Income Statement Additional information 1 Net income for the current year ending December 31, 2020 is $58,000 2 Sold investments for cash, cost $36 000 and resulting in $6,000 gain 3 The only changes affecting retained eamings are net income and cash dividends paid 4 All the following transactions are in cash Purchased new machines repay bonds payable and issuance common stock Required Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020 Investments Machines Accumulated depreciation Machines Total Assets Liabilities Stockholders' Equity Note payable Bonds payable (long term) Common Stock Retained Earnings Total Liabilities Stockholders' Equity 0 36,000 114,000 104,000 (28 000) (20 000) $324 000 $252 000 $74,000 $54,000 74,000 94,000 80,000 44,000 96 000 60 000 $324,000 $252 000 Income Statement Additional information 1 Net income for the current year ending December 31, 2020 is $58,000 2 Sold investments for cash, cost $36,000 and resulting in $6,000 gain 3 The only changes affecting retained earnings are net income and cash dividends paid 4 All the following transactions are in cash Purchased new machines repay bonds payable and issuance common stock Required Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020 For the toolbar, press ALT F10 (PC) or ALT FN F10 (Maci (PLEASE PROVIDE EACH AMOUNT ITEM IN A SEPARATE LINE)

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uant 2 (7 Grades) 13 The following comparative balance sheets 2019   2020 and additional information for  National Company  are given  Assets Dec  31  2020 Dec  31  2019 Cash $156,000 $26,000 Accounts Receivable 52,000 48,000 Inventory and supplies 30,000 58,000 Investments 0 36,000 Machines 114,000 104,000 Accumulated depreciation Machines (28,000) (20 000) Total Assets $324 000 $252 000 Liabilities   Stockholders' Equity Note payable $ 74,000 $54,000 Bonds payable (long term) 74,000 94,000 Common Stock 80,000 44,000 Retained Earnings 96 000 60 000 Total Liabilities   Stockholders' $324,000 $252 000 Equity Income Statement   Additional information  1  Net income for the current year ending December 31, 2020 is $58,000  2  Sold investments for cash, cost $36 000 and resulting in $6,000 gain  3  The only changes affecting retained eamings are net income and cash dividends paid 4  All the following transactions are in cash  Purchased new machines repay bonds payable and issuance common stock Required  Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020 Investments Machines Accumulated depreciation Machines Total Assets Liabilities   Stockholders' Equity Note payable Bonds payable (long term) Common Stock Retained Earnings Total Liabilities   Stockholders' Equity 0 36,000 114,000 104,000 (28 000) (20 000) $324 000 $252 000 $74,000 $54,000 74,000 94,000 80,000 44,000 96 000 60 000 $324,000 $252 000 Income Statement   Additional information  1  Net income for the current year ending December 31, 2020 is $58,000  2  Sold investments for cash, cost $36,000 and resulting in $6,000 gain  3  The only changes affecting retained earnings are net income and cash dividends paid  4  All the following transactions are in cash  Purchased new machines  repay bonds payable  and issuance common stock  Required  Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020  For the toolbar, press ALT F10 (PC) or ALT FN F10 (Maci (PLEASE PROVIDE EACH AMOUNT ITEM IN A SEPARATE LINE)

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uant 2 (7 Grades) 13 The following comparative balance sheets 2019 & 2020 and additional information for National Company are given: Assets Dec. 31. 2020

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