Weygandt, ACCOUNT Help System Announcements December 31 2019 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Total 2020 $36,800 32,100 29,500 59,200 (29,800) $127,800 $21,000 18,700 20,200 77,800 (23,800) $113,900 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,100 7,000 26,900 18,000 47,800 $127,800 $ 16,000 8,200 33,900 14,400 41,400 $113,900 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $241,400 175,100 66,300 24,400 41,900 3,500 38,400 Additional data: 8,400 $30,000 1. Dividends dedared and paid were $23,600. 2. During the year, equipment was sold for $9,100 cash. This equipments o search - Help System Announcements 1. Dividends dedared and paid were $23,600. 2. During the year, equipment was sold for $9,100 cash. This equipment cost $18,600 originally and had a book val 3. All depreciation expense, $15,500, is in the operating expenses. 4. All sales and purchases are on account. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. Your answer is partially correct. Try again. Prepare a statement of cash flows for Nosker Company using the direct method. (Show amounts that decrease cash NOSKER COMPANY Statement of Cash Flows December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers 228000 cash payments: To Suppliers 172300 For Interest For Operating Expenses For Income Taxes search 194300 Cash Flows from Operating Activities 33700 Cash Flows from Investing Activities - Sale of Equipment 9100 Net Cash Provided by Investing Activities 9100 Cash Flows from Financing Activities - Redemption of Bonds -7000 Issuance of Common Stock 3600 Payment of Dividends L -23600 Cash Flows from Financing Activities - -27000 Net Increase in Cash Cash at Beginning of Period 15800 Cash at End of Period 21000 LINK TO TEXT 36800 LINK TO TEXT to search Cash at Beginning of Period 36800 Cash at End of Period LINK TO TEXT LINK TO TEXT x your answer is incorrect. Try again. Compute free cash flow. (Enter negative amount using either a negative sign preceding the Free cash flow 42800 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT to search me WS ace