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A comparative balance sheet for...

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Accounting

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A comparative balance sheet for Sheffield Corporation is presented as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $72,810 $ 22,000 83,460 67,650 181,460 190,650 72,460 111,650 261,460 201,650 (70,460) (43,650) $601,190 $549.950 $ 35,460 150,000 214.000 201.730 $601.190 $ 48,650 200.000 164,000 137.300 $549.950 Additional information: 1. 2. Net income for 2020 was $127.920. No gains or losses were recorded in 2020. Cash dividends of $63.490 were declared and paid Bonds payable amounting to 550.000 were retired through issuance of common stock 3. Prepare a statement of cash flows for 2020 for Sheffield Corporation. (Show amounts that decrease cash flow with elther a-sign 6.6.-15,000 or in parenthesis eg. (15,000).) SHEFFIELD CORPORATION Statement of Cash Flows Adjustments to reconcile net income to >

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