Question: Need direct and indirect cashflow from the information provided. Please show work The following are comparative balance sheets and an income statement for Pizza Planet

Need direct and indirect cashflow from the information provided. Please show work

The following are comparative balance sheets and

an income statement for Pizza Planet Inc: (Amts in thousands)

Assets

2020

2019

Cash

$600

$375

Accounts Receivable

600

450

Inventory

900

525

Land

675

600

Building

900

900

Accumulated Depreciation Bldg.

(300)

(270)

Equipment

2,850

2,250

Accumulated Depreciation - Equip

(525)

(480)

Patent

1,200

1,500

Totals

$6,900

$5,850

Liabilities and Equity

Accounts Payable

$750

$450

Accrued Expenses Payable

Note Payable-Long term

300

150

225

0

Common stock

3,150

3,000

Additional Paid in Capital

750

675

Retained Earnings

1,800

1,500

Totals

$6,900

$5,850

Sales

$2,645

Cost of Goods sold

(600)

Operating Expenses

(425)

Interest Expense

(75)

Depreciation Exp - Bldg

(30)

Depreciation Exp Equip

(315)

Amortization of Patent

(300)

Loss on Sale of Equipment

(15)

Gain on sale of Land

90

Net Income

$975

During 2019, Pizza Planet sold a pizza oven (equipment) that originally cost $300 thousand and was 90% depreciated. Pizza Planet purchased a new delivery van (equipment) with cash. Pizza Plant acquired land by issuing the note payable. Pizza Planet issued Common stock for cash. Accounts payable relate to merchandise purchases.

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