Statement of Cash Flows

Here are comparative balance sheets for Velo Company.

1. Net income for 2020 was $93,000
2. Cash dividends of $35,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000
4. common stock was issued for $42,000 cash.
5. No equipment was sold during 2020, but land was sold at cost

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