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The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY...

The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 57,900 $ 49,200 Accounts receivable 42,100 63,700 Inventory 150,600 147,000 Prepaid expenses 13,500 23,800 Land 105,000 136,800 Buildings 200,000 200,000 Accumulated depreciation—buildings ( 60,500 ) ( 33,200 ) Equipment 229,700 157,300 Accumulated depreciation—equipment ( 42,200 ) ( 36,700 ) Total $ 696,100 $ 707,900 Liabilities and Stockholders’ Equity Accounts payable $ 46,500 $ 39,500 Bonds payable 260,000 293,200 Common stock, $1 par 191,100 157,900 Retained earnings 198,500 217,300 Total $ 696,100 $ 707,900 Additional information: 1. Operating expenses include depreciation expense of $ 42,000 and charges from prepaid expenses of $ 10,300. 2. Land was sold for cash at book value. 3. Cash dividends of $ 64,300 were paid. 4. Net income for 2020 was $ 45,500. 5. Equipment was purchased for $ 94,200 cash. In addition, equipment costing $ 21,800 with a book value of $ 12,600 was sold for $ 5,800 cash. 6. Bonds were converted at face value by issuing 33,200 shares of $1 par value common stock.

A statement of cash flows for the year ended December 31, 2020, using the indirect method

ROTHLISBERGER COMPANY

Statement of Cash Flows

Business   Accounting   
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Answer #1

Statement of cash flow :

Cash flow from operating activities
Net income 45500
Adjustment to reconcile net income to net cash flow from operating activities
Depreciation expense 42000
Loss on sale of equipment 6800
Decrease account receivable 21600
Increase inventory -3600
Decrease prepaid expense 10300
Increase account payable 7000
84100
Net cash flow from operating activities 129600
Cash flow from investing activities
Sale of land 31800
Equipment sale 5800
Purchase of equipment -94200
Net cash used in investing activities -56600
Cash flow from financing activities
Dividend paid -64300
Net cash used in financing activities -64300
Net cash flow 8700
Beginning Cash 49200
Ending Cash 57900
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