CORRECTION** need help creating an accounting memo

this is all of the information provided

$145,000 $ 9,000 3,000 10,000 (5,000) (4,000) 16,000 (2,000) 27,000 172,000 Computer Services Company Statement of Cash FlowsIndirect Method For the Year Ended December 31, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Loss on disposal of equipment Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in accounts payable Decrease in income taxes payable Net cash provided by operating activities Cash flows from investing activities Purchase of building Purchase of equipment Sale of equipment Net cash used by investing activities Cash flows from financing activities Issuance of common stock Payment of cash dividends Net cash used by financing activities Net increase in cash Cash at beginning of period Cash at end of period Noncash investing and financing activities Issuance of bonds payable to purchase land (120,000) (25,000) 4,000 (141,000) 20,000 (29,000) (9,000) 22,000 33,000 $ 55,000 S110,000 ILLUSTRATION 17.13 Statement of cash flows, 2020-indirect method cally TFW OUTC TFW 100% 47% 42162 AM X Statement of Cash Flows Instructions Complete the Memo to Will Harden using the statement of cash flows attached for Computer Services Company. Describe in no more than a two page memo to Will Harden the purpose of the statement of cash flows and why 3 or 4 of the adjustments were made. You then need to attach your memo to the drop box. Go to Wiley Plus and Select Read Study Practice Go to Chapter 17. Statement of Cash Flows. End of Chapter Homework Material Expand Your Critical Thinking T17.7 Communication Activity Will Hardin, the owner-president of Computer Services Company, is unfamiliar with the statement of cash flows that you, as his accountant, prepared. He asks for further explanation. Instructions Write him a brief memo explaining the form and content of the statement of cash flows as shown in Illustration 17.13. Memo To: Will Harden, Owner-President of Computer Services Company From: Date: Re: Summary explanation of The Statement of Cash Flows for year ended Dec. 31st 2014