The following is a condensed version of the comparative balance sheets for Riverbed Corporation for the last two years at December 31. 2020 2019 Cash $ 362,850 $ 159,900 Accounts receivable 369,000 379,250 Investments 106,600 151,700 Equipment 610,900 492,000 Accumulated Depreciation-Equipment (217,300 ) (182,450 ) Current liabilities 274,700 309,550 Common stock 328,000 328,000 Retained earnings 629,350 362,850 Additional information: Investments were sold at a loss of $20,500; no equipment was sold; cash dividends paid were $61,500; and net income was $328,000. Prepare a statement of cash flows for 2020 for Riverbed Corporation

The preparation of the cash flow statement is presented below:

Explanation:

                                Riverbed Corporation

                              Statement of Cash Flows

                 For the year ended December 31,2020

Cash flows from Operating Activities  

Net Income:  $328,000

Adjustment to net income is:  

Add: Depreciation Expense$34,850     ($217,300 - $182,450)

Add: Loss on sale of Investments$20,500                

Add: Decrease in Accounts receivable $10,250  ($369,000 - $379,250)

Less: Decrease in Current Liabilities($34,850)  ($274,700 - $309,550)

Net cash flow from operating activities $358,750    A

Cash flows from Investing activities  

Purchase of equipment($118,900)      ($610,900 - $492,000)  

Add Sale of Investment$24,600  ($151,700 - $106,600 - $20,500)

Net cash used by investment activities($94,300)       B

Cash flows from Financing activities  

payment of dividends($61,500)  

Net cash used by financing activities  ($61,500)      C

Net Increase in cash  $202,950  (A + B + C)

agriculture and oil. natural resources, industry.