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Here are comparative balance sheets for Metlock Company. Prepare a statement of cash flows-indirect method....

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Accounting

Here are comparative balance sheets for Metlock Company. Prepare a statement of cash flows-indirect method.
Additional information:
Net income for 2020 was $96,000.
Cash dividends of $25,000 were declared and paid.
Bonds payable amounting to $61,000 were redeemed for cash $61,000.
Common stock was issued for $42,000 cash.
Equipment that cost $50,000 and had a book value of $27,000 was sold for $34,000 during 2020 ; land was sold at cost.
(a)
Your answer is partially correct.
Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.
-15,000 or in parenthesis e.g.(15,000).)
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