Question: Can someone help me with a cash flow statement using the indirect method from the provided trial balance? Dragon Custom Outfitters Trial Balance December 31,

Can someone help me with a cash flow statement using the indirect method from the provided trial balance?

Dragon Custom Outfitters
Trial Balance
December 31, 2020
2020 2019
Account Type Debit Credit Debit Credit
Cash - Checking A 12,300 8,505
Cash - Savings A 33,000 16,000
Accounts Receivable A 227,500 277,292
Allowance for Bad Debts A 6,000 4,900
Accounts Receivable - Employees A 500 400
Inventory A 490,000 425,000
Prepaid Insurance A 3,200 2,450
Land A 40,000 40,000
Buildings A 360,000 360,000
Accumulated Depreciation - Buildings A 43,750 40,000
Equipment A 90,175 80,175
Accumulated Depreciation - Equipment A 36,150 29,900
Furniture & Fixtures A 35,000 35,000
Accumulated Depreciation - Furniture & Fixtures A 35,000 28,000
Vehicles A 90,000 90,000
Accumulated Depreciation - Vehicles A 68,000 40,000
Deposits A 1,000 1,000
Accounts Payable L 130,000 165,000
Credit Cards L 25,000 23,500
Deferred Revenue L 4,905 120,292
Payroll Taxes Withheld L 18,900 16,500
Payroll Taxes Accrued L 8,000 6,900
Dividends Payable L 60,000 50,000
Wages Payable L 4,250 6,500
Current Maturity of Long Term Debts L 15,000 15,000
Note Payable - Mortgage L 90,000 100,000
Note Payable - Vehicle L 45,000 50,000
Capital Stock E 1,000 1,000
Dividends Paid E 60,000 50,000
Retained Earnings E 638,330 441,765
Sales R 945,690 911,100
Sales Returns & Allowances R 1,675 1,400
Sales Discounts R 3,000 3,150
Cost of Goods Sold EXP 342,965 293,500
Adminstrative Salaries EXP 130,000 122,500
Sales Salaries EXP 110,000 105,000
Payroll Tax Expense EXP 11,500 10,000
Advertising Expense EXP 5,000 5,000
Automobile Expense EXP 7,500 7,150
Bad Debt Expense EXP 4,120 3,960
Bank Charge Expense EXP 100 100
Cleaning Expense EXP 850 825
Commissions Expense EXP 3,275 3,250
Depreciation Expense EXP 45,000 45,000
Insurance Expense EXP 2,600 2,600
Interest Expense EXP 6,320 6,500
Licenses Expense EXP 100 100
Office Expense EXP 900 1,250
Postage Expense EXP 180 210
Repairs & Maintenance EXP 4,880 6,975
Supplies Expense EXP 1,600 1,890
Travel Expense EXP 3,000 2,460
Telephone & Internet Expense EXP 10,680 9,880
Utilities Expense EXP 13,655 12,835
Other Gains OR 1,000 0
Other Losses OEXP 500 500
Income Tax Expense EXP 23,900 18,500
2,175,975 2,175,975 2,050,357 2,050,357

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