1. Prepare a Statement of Cash Flows (Indirect Method)

2. Prepare the Operating Activities section under the Direct Method

balance sheet was not provided.

As of June 30,2020 , the organization had $165,814 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $310,400 that was unrestricted and $38,200 that was restricted for the purpose of equipment for the center, it had $9,300 of income earned and received on long-term investments. The center spent cash of $288,510 on salaries and fringe benefits, $23,000 on the purchase of equipment for the center, and $86,604 for operating expenses. Other pertinent information follows: net pledges receivable increased $5,700, inventory increased $1,100, accounts payable decreased $103,094, and there were no salaries payable at the beginning of the year