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  3. computer experts, inc., ended 2019 with cash of $3

Computer Experts, Inc., ended 2019 with cash of $30,000. During 2020, Computer Experts earned net...

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Accounting

Computer Experts, Inc., ended 2019 with cash of $30,000. During 2020, Computer Experts earned net income of $120,000 and had adjustments to reconcile net income to net cash provided by operations totalling $22,000(this is a negative amount).
Computer Experts purchased equipment for $352,000 during 2020 and had to borrow half of this amount on a long-term note. During the year, the company paid dividends of $11,000 and sold old equipment, receiving cash of $89,000.
Prepare Computer Experts's statement of cash flows with its appropriate heading for the year ended December 31,2020.
Prepare the statement of cash flows for Computer Experts Inc. (Use a minus sign or parentheses when subtracting numbers and for cash outflows.)
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