Only answer if you know for sure and explain the steps well, please.

B:

Selected financial statement information and additional data for Cola Co. is presented below. Prepare a statement of cash flows using the indirect method with all appropriate disclosures for the year ending December 31, 2020.

	2019	2020
Cash	$54,000	$60,000
Accounts receivable (net)	72,000	144,200
Inventory	168,000	206,600
Land	58,800	26,000
Equipment	504,000	789,600
Accumulated depreciation	(84,000)	(110,600)
TOTAL	$772,800	$1,115,800
Accounts payable	50,400	91,000
Notes payable due within 12 months	67,200	29,400
Notes payable - long-term	168,000	302,400
Common stock	420,000	487,200
Retained earnings	67,200	205,800
TOTAL	$772,800	$1,115,800

Additional data for 2020:

1. Net income was $230,200.
2. Land was sold at a gain of $10,000. No land was bought during the year.
3. No equipment was sold during the year. All equipment purchases were paid for in cash.
4. Interest payments amounted to $20,000 and Tax payments amounted to $15,000