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Please use the following information to answer Questions 13-23, regarding XYZ Corporation: Balance Sheet | as of 12/31/2019 Accounts Payable $5,000 Accounts Receivable $20,000 Cash $10,000 Net Fixed Assets $40,000 Patent $10,000 Prepaid Expenses $2,000 Total Debt $6,000 $2,000 of which is payable within 12 months Balance Sheet | as of 12/31/2020 Accounts Payable $7,500 Accounts Receivable $15,000 Cash $43,000 Net Fixed Assets $43,000 Patent $8,000 Prepaid Expenses $2,500 Total Debt $15,000 $2,000 of which is payable within 12 months . 2020 Income Statement Cost of Sales (COGS) $70,000 Depreciation $10,000 Interest Paid $2,500 Operating Expenses (Excluding Depreciation) Sales $150,000 $47,500 Outstanding Shares of XYZ Corporation | 5000 Assuming the XYZ Corporation income statement is an ACCRUAL staternent, and is an 5 Corporation that does not pay taxes, please set up a statement of cash flows for 2020 Please note these other activities in 2020 that affected cash: . Borrowed $15,000 for new equipment Repaid all of the $6,000 of outstanding debat end of 2019, Sold $2.000 af old enuipment . Net income before acces was $20.000 Accrual Lamines Before Taxes (LUT) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities to account first for Depreciation, and then changes in AR AP and Prepaid Experees) Decrease increased from 2019 in Decrease increase in Pre-Paid Expense increase Dccrcase from 2019 in Net Cash Provided by Operating Activities Cash From Investing ACM Acquisition of New Property and Equipment Sie al Assets Net Cash (Used In Investing Activities Cash from Financing Activities Net Cash (Used in Financing Activities Net Cash Presided by Al Activities Beginning Cash Balance lend of 2019. from pdf handout Ending Balance should match w/ balance sheet Please use the following information to answer Questions 13-23, regarding XYZ Corporation: Balance Sheet | as of 12/31/2019 Accounts Payable $5,000 Accounts Receivable $20,000 Cash $10,000 Net Fixed Assets $40,000 Patent $10,000 Prepaid Expenses $2,000 Total Debt $6,000 $2,000 of which is payable within 12 months Balance Sheet | as of 12/31/2020 Accounts Payable $7,500 Accounts Receivable $15,000 Cash $43,000 Net Fixed Assets $43,000 Patent $8,000 Prepaid Expenses $2,500 Total Debt $15,000 $2,000 of which is payable within 12 months . 2020 Income Statement Cost of Sales (COGS) $70,000 Depreciation $10,000 Interest Paid $2,500 Operating Expenses (Excluding Depreciation) Sales $150,000 $47,500 Outstanding Shares of XYZ Corporation | 5000 Assuming the XYZ Corporation income statement is an ACCRUAL staternent, and is an 5 Corporation that does not pay taxes, please set up a statement of cash flows for 2020 Please note these other activities in 2020 that affected cash: . Borrowed $15,000 for new equipment Repaid all of the $6,000 of outstanding debat end of 2019, Sold $2.000 af old enuipment . Net income before acces was $20.000 Accrual Lamines Before Taxes (LUT) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities to account first for Depreciation, and then changes in AR AP and Prepaid Experees) Decrease increased from 2019 in Decrease increase in Pre-Paid Expense increase Dccrcase from 2019 in Net Cash Provided by Operating Activities Cash From Investing ACM Acquisition of New Property and Equipment Sie al Assets Net Cash (Used In Investing Activities Cash from Financing Activities Net Cash (Used in Financing Activities Net Cash Presided by Al Activities Beginning Cash Balance lend of 2019. from pdf handout Ending Balance should match w/ balance sheet