Analysts following the Ivanhoe Golf Company were given the following balance sheet information for the years...

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Analysts following the Ivanhoe Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019: Assets 2020 2019 Cash and marketable securities $33,451 $16,606 Accounts receivable 260,245 318,828 Inventory 423,879 352,780 Other current assets 41,311 29,952 Total current assets $758,886 $718,166 Plant and equipment 1,931,799 1,609,938 Less: Accumulated depreciation (419,104) (206,718) Net plant and equipment $1,512,695 $1,403,220 Goodwill and other assets 382,185 412,625 Total assets $2,653,766 $2,534,011 Liabilities and Equity 2020 2019 Accounts payable and accruals $378,296 $332,044 Notes payable 14,547 7,902 Accrued income taxes 21,185 16,855 Total current liabilities $414,028 $356,801 Long-term debt 680,021 793,575 Total liabilities $1,094,049 $1,150,376 Preferred stock Common stock (10,000 shares) 10,000 10,000 Additional paid-in capital 975,505 975,505 Retained earnings 587,586 398,130 Less: Treasury stock (13,374) Total common equity $1,559,717 $1,383,635 Total liabilities and equity $2,653,766 $2,534,011 In addition, it was reported that the company had a net income of $3,155,888 and that depreciation expenses were equal to $212,386 during 2020. Assume amortization expense was $0 in 2020. Construct a 2020 cash flow statement for this firm. (If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Ivanhoe Golf Company Statement of Cash Flows Additions (sources of cash) A Subtractions (uses of cash) $ A $ > GA > > > A > A +A > > > Analysts following the Ivanhoe Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019: Assets 2020 2019 Cash and marketable securities $33,451 $16,606 Accounts receivable 260,245 318,828 Inventory 423,879 352,780 Other current assets 41,311 29,952 Total current assets $758,886 $718,166 Plant and equipment 1,931,799 1,609,938 Less: Accumulated depreciation (419,104) (206,718) Net plant and equipment $1,512,695 $1,403,220 Goodwill and other assets 382,185 412,625 Total assets $2,653,766 $2,534,011 Liabilities and Equity 2020 2019 Accounts payable and accruals $378,296 $332,044 Notes payable 14,547 7,902 Accrued income taxes 21,185 16,855 Total current liabilities $414,028 $356,801 Long-term debt 680,021 793,575 Total liabilities $1,094,049 $1,150,376 Preferred stock Common stock (10,000 shares) 10,000 10,000 Additional paid-in capital 975,505 975,505 Retained earnings 587,586 398,130 Less: Treasury stock (13,374) Total common equity $1,559,717 $1,383,635 Total liabilities and equity $2,653,766 $2,534,011 In addition, it was reported that the company had a net income of $3,155,888 and that depreciation expenses were equal to $212,386 during 2020. Assume amortization expense was $0 in 2020. Construct a 2020 cash flow statement for this firm. (If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Ivanhoe Golf Company Statement of Cash Flows Additions (sources of cash) A Subtractions (uses of cash) $ A $ > GA > > > A > A +A > > >