w US Water, Intermediate Accounting, 17e signment Problem 5-7 (Part Level Submission) Ivanhoe Inc. had the following balance sheet at December 31, 2019. Cash Accounts receivable Investments Plant assets (net) Land IVANHOE INC. BALANCE SHEET DECEMBER 31, 2019 $ 25,140 Accounts payable 26,340 Bonds payable 32,000 Common stock 86,140 Retained earnings 45,140 $214,760 $ 35,140 46,140 105,140 28,340 $214,760 During 2020, the following occurred. 1. Ivanhoe liquidated its available-for-sale debt investment portfolio at a loss of $10,140. 2. A tract of land was purchased for $43,140. 3. An additional $30,000 in common stock was issued at par. Dividends totaling $15,140 were declared and paid to stockholders. Net income for 2020 was $40,140, including $17,140 in depreciation expense. Land was purchased through the issuance of $35,140 in additional bonds. At December 31, 2020, Cash was $75,340, Accounts Receivable was $47,140, and Accounts Payable was $45,140. 5. 6. 7. (a) Prepare a statement of cash flows for the year 2020 for Ivanhoe. (Show amounts that decrease cash flow with eith IVANHOE INC. Statement of Cash Flows search o RH a > US Kico, Intermediate Accounting, 17e signment ES Prepare a statement of cash flows for the year 2020 for Ivanhoe. (Show amounts that decrease cash flow with ei IVANHOE INC. Statement of Cash Flows ly Adjustments to reconcile net income to e to search o BE a 8 US Kieso, Intermediate Accounting, 17e Help System Announcements signment FS Land purchased through issuance of $ of bonds Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT to search 8 8 :)