Calculate Net Cash Provided by Operational Activities and Complete Statement of Cash Flows (Operating Activities Only) (14 points)

HTM241 COMPANY Comparative Balance Sheet Accounts December 31, 2019 2019 2018 $ Current Assets Accounts Receivable Prepaid Rent Inventory $ 40,000 5,000 15,000 39,000 7,000 17,500 $ $ $ Current Liabilities Accounts Payable Interest Payable Taxes Payable Long-Term Loan $ 20,000 3,000 3,000 25,000 14,000 2,000 4,000 11,250 $ HTM241 COMPANY Income Statement For the Year Ended December 31, 2019 Revenues Sales Revenue Total Revenues $ 250,000 $ 250,000 $ Expenses Cost of Goods Sold Operating Expenses Depreciation Expense Interest Expense Income Tax Expense Total Expenses 165,000 60,000 5,000 4,000 3,300 $ 234,000 $ 237,300 Net Income $ 12,700 HTM241 COMPANY Statement of Cash Flows (Indirect Method) For the Year Ended (December 31, 2019) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Net Income from Operations Depreciation Expense Accounts Receivable Prepaid Rent Inventory Accounts payable Interest Payable Tax Payable Net Cash Flow Adjustment Net Cash Flow from Operating Activities