K Smehson Software Inc has assembled the following data for the year ended December 31, 2020 (Click the icon to view the current accounts.) Requirement Click the icon to view the transaction data) Prepare Smithson Software Inc's statement of cash flows using the indirect method to report operating activities include an accompanying schedule of non-cash investing and financing activites How much of the cash used for investing activities was provided by operations? Start by completing the cash flows from operating actives. Then, continue with completing the investing and financing activities sections Featy, determine the net increase (dice) in can (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows) Caul Bows from opening adve Net Income Smithson Software Inc Statement of Cash Flows For the Year Ended December 31, 2020 Adjustments to canc et income to net cast provided by cperating actives Depreciation Loss on sale of equipment increase in accounts receivable increase in inventories increase in prepaid expenses Increase in accounts payable increase in income tax payable This question Smithson Software Inc has assembled the following data for the year ended December 31, 2020 (Click the icon to view the current accounts) Requirement Click the icon to view the transaction data) Prepare Smithson Software Inc's statement of cash flows using the indirect method to report operating activities Include an accompanying schedule of non-cash investing and financing activities How much of The cash used for investing activities was provided by operations? Increase in income tax payable Decrease in accrued liabilities Subtotal Net cash provided by operating activities Cash flows from investing activities Purchase of building Purchase of long-term investment Proceeds from sale of equipment Collection of loan Net cash used for investing activities Cash flows from francong activides Issuance of common shares issuance of long-term note payable Payment of cash dividends Repurchase of common shares Net cash provided by financing activities Smithson Software Inc has assembled the lolowing data for the year ended December 31, 2020 (Click the icon to view the current accounts) Requirement (Click the icon to view the transaction data) Prepare Smithson Software Inc's statement of cash flows using the drect method to report operating activities include an accompanying schedule of non cash investing and financing activities How much of the cash used for investing activities was provided by operations? guastows fromancing acinnis asuance of common shares Issuance of long-term note payable Payment of cash dividends Repurchase of common shares Net cash provided by financing activities Net increase (decrease) in cash Cash balance, December 31, 2019 Cash balance, December 31, 2020 Non cash investing and financing activites Acquisition of land by issuing long-term note payable Repayment of bonds payable by issuing common shares Total non-cash investing and financing activities How much of the cash used for investing activites was provided by operations? Operators provided of the cashaved in the investing activities K Smithson Software Inc has assembled the following data for the year ended December 31, 2020 (Click the icon to view the cu Requirement Prepare Smithson Software Inc.'s st the cash used for investing activities Current accounts December 31, 2020 2019 quasn nows from ninancing acuVID Issuance of common shares Issuance of long-term note Payment of cash dividends Current Accounts: Current assets. Cash and cash equivalents $ 61,800 $ 25,000 Accounts receivable 70,000 64,700 Repurchase of common sha Net cash provided by fin Net increase (decrease) in cash Cash balance, December 31, 20 Cash balance, December 31, 20 Non-cash investing and financing Acquisition of land by issuin Repayment of bonds payabl Total non-cash investing and fi How much of the cash used for inve Operations provided Sof the cas Inventories 88,500 82,000 Prepaid expenses 3,300 1,900 Current liabilities. Accounts payable 57,400 55,800 Income tax payable 18,300 16,600 Accrued liabilities 15,200 27.500 Print Done - X mpanying schedule of non-ca hson Software Inc (Click the icon to uirement bare Smithson Soft cash used for inves asn tows from sinal suance of commo Issuance of long Payment of cash Repurchase of c Net cash pro Net increase (decre Cash balance, Dece Cash balance, Dece Non-cash investing Acquisition of la Repayment of be Total non-cash inve ow much of the cash Operations provided S Transaction data Transaction Data for 2020 Acquisition of land by issuing long-term note payable.. $ 101,000 Stock dividends. 31,800 Collection of loan. 10,800 Depreciation expense 21,000 Purchase of building 62,000 Repayment of bonds payable by issuing common shares 61,000 Purchase of long-term investment. 44,700 Repurchase of common shares. 14,900 Loss on sale of equipment.. 3,500 Payment of cash dividends... 18,200 Issuance of long-term note payable to borrow cash 34,600 Net income 32,000 Issuance of common shares for cash 38,000 Proceeds from sale of equipment. 58,900 Print Done - X hedule of non-cash investing and