The 2020 comparative balance sheet and income statement of 4 Seasons Supply Corp. follow. 4 Seasons had no non-cash investing and financing transactions during 2020. During the year, there were no sales of land or equipment, no issuance of notes payable, and no repurchase of shares transactions.

{Requirements}
1. Prepare the 2020 statement of cash flows, formatting operating activities by using the indirect method.
2. How will what you learned in this problem help you evaluate an investment?

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A 4 Seasons Supply Corp. Comparative Balance Sheet As at December 31, 2020 and 2019 B C D 2 December 31 3 2020 2019 Increase (Decrease) 4 Current assets: 7 569 Cash and cash equivalents $ 17,600 $ 5,300 $ 12,300 Inventories 8 Accounts receivable Prepaid expenses 27,200 27,600 (400) 83.500 87.200 (3,600) 2,500 1,900 600 9 Property, plant, and equipment. 10 Land 89,000 60,000 11 Equipment, net 53,500 49,400 29,000 4,100 12 Total assets $273,400 $231,400 $ 42,000 13 Current liabilities: 14 Accounts payable $ 35,800 $ 33,700 $ 2,100 15 16 56 Salary payable 3,100 6,600 (3,500) Other accrued liabilities 22,600 23,700 (1,100) 17 Long-term liabilities: 18 Notes payable 75,000 100,000 (25,000) 19 Shareholders' equity: 20 Common shares 88,300 64,700 23,600 21 Retained earnings 48,600 2,700 45,900 22 Total liabilities and shareholders' equity $273,400 $231,400. $ 42,000 23