Use the information provided to prepare a cash flow statement for Northern Auto Repair Services using the direct method for December 31, 2020. Assume that the beginning balance of cash is $55,000. Identify by letter which entry matches the line item on the cash flow statement.

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a. Land 185,000 Cash 185,000 b. Dividends Payable 40,000 Cash 40,000 Furniture and Fixtures 43,000 C. Note Payable, Short-Term 43,000 d. Salaries Expense 19,000 Cash 19,000 е. Equipment 137,000 Cash 137,000 f. Cash 125,000 Long-Term Investment in Bonds 125,000 g. Cash 80,000 Bonds Payable 80,000 h. Building 210,000 Note Payable, Long-Term 210,000 i. Cash 85,000 Accounts Receivable 85,000 j. Accounts Payable 39,000 Cash 39,000 k. Cash 140,000 Common Shares 140,000 Cash ৪,000 Interest Revenue 8,000