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Balance sheet Mit Boy Inc's comparative balance sheet September 30, 2020 and soldate Click the icon to view the balance sheet) (Click the icon to the add Required 1. Prepare Me Bay Inesperating section of the cash flow for the year and 2. Describe how the direct method would differ from the partial art you can for me Requirement 1. Prepare il Bay lacerating section of the cash flow statement Me By Inc Cash Flow Suomen For the Year Ended Sember 30 2020 Cash flows from operating activities incom Add(trad) to that were income and cash flow dently n Galon sale und Inconsccrc increases recalvate how in inventory Decrease in pales Doccounts payable increme tax payable Deca in accudi Instpay crease in sales payat New from pingat Requirement 2. Describe how the direct method woulder to the partie The the would in the same title chino trompting Mi Bay Inc Balance Sheet September 30, 2020 and 2019 Ats 2020 2012 Current Cal s 196.000 10.00 Accounts recable 183.000 TM 600 Intersectie 17.000 14500 Inventor Sob 00 5000 Prepaid expenses 36000 11 000 Lontaminen 61 000 Planungan at 500 4160 Land 100 1000 Total 1674001690.00 Laharles Current Nole payable honorm 5 42.000 Accounts payable 263.000 250.000 incantax payable 55 000 50.000 Accedi 85.500 00 18000 1.000 Se payable I.500 1106 Longo pytle 196.000 535.000 Shareholders' Print Done 0 5 2 TE Balance sheet Bay in comparative balance sheet September 30, 2020 and pational data Click the one to view the balance sheet) Click the icon Wierw the add Required 1. Prepare a Day Inc operating section of the cash fower the yer and 2. Describe how the doc method would offer from the parlament you created 2020 2019 formuombers to be Assets Cute Cash Accounts were not Inventores Prepaid po Long- term Pantone Land 5 190,000 102.000 163000 176 000 17.000 10 500 000 000 36.000 to 212.000 61 000 135 000 416 10000 31100 567400 $ 150.00 5 Requirement 1. Prepare Mia Bay he's powing section of the cash flow statement Maybe Cash Flow Statement For the war Ended September 2000 Cash flows from operating activities Net income Add to that the net income and how to Amortionen Cain one of land Icount recev connect In ay Despite Descanso Income tax payat Decrease in altre les inst paydo Increase in sales payable Natasha wingi Requirement 2. Obe how the method would from the parts Tota Labs Durants Notepaya short Accounts income tax payah A ters aparate Longepy Sharder guy Common the 12.000 263.000 5.000 000 1000 500 96.000 2910 50.000 130.000 14.000 4400 36000 Rated Totallites and share guy 57000 1,500 1,067 400 000 22.500 1.550 The method is the same total cashion operating Print Done 7C May the comparte balance sheet September 30, 2020 and botional data are shown below Click the loon to view the balance sheet) Click the icon to view the additional data Required 1. Propar Bay Inc operating section of the cash flow statement for the year anded September 30, 2020, using the Indirected 2 Describe how the direct method would differ from the parts you created in Requirement additional data Requirement. Prepare Ma Say Inc operating section of the cash low statement for the year ended See May Inc. Cash Flow Station for the Year Ended Setber 30, 2020 Caws from operating activities Netico Add them at the net income and chow diferent Amortion expo Game of land accounts receivable se nostre Increase inventory Despaid export Decrease in accounts payable Increase in income tax payable Decrease in accrued as Other information for the year ended September 30, 2020 that may be needed Includes Acquired by wing a long tormoe payable 95.000 and paying $19.500 cash Paid long term of payable 5134.000 Received 5195 000 forince of common shares d Pald cash dividends 5202.100 Acquired odpment by Issuing short note payable 512.000 | Net income, 5328.500 Amon $38.000 han on sale oftand, 545.500 Print Done Inosines payable homepage Requirement 2. Describe how the direct method would diterbom the pars statement you created in Regard 1 The method would results and total cash now from operating te but it would be presented in forms of Question of This Mill Bay Ine's comparative balance sheet at September 30, 2020 and editional data are shown below em Click the icon to view the balance sheet) Click the icon to view the iconal data Required 1. Prepare Mi Bay Ine's operating section of the cash flow starement for the year ended September 30, 2020 sing the indirected 2. Describe how the direct method would fertrom the partial statement you created in Requirement1 Requirement 1. Prepare Mill Bay Inc.'s operating section of the cash flow statement for the year ended September 30, 2020,wing the recedere Mill Bay Inc Cash Flow Statement For the Year Ended September 30, 2020 Cash flows from operating activities Net Income Add subtract) items that affect net income and cash flow differently Amortization expenso Gain on sale of land Increase in accounts receivable Increase in interest receivable Increase in Inventory Decrease in prepaid exponses Decrease in accounts payable Increase in income tax payable Decrease in accrued liabilities Increase in interest payable Increase in sales payable Net cash Intlow from operating activities Requirement 2. Describe how the direct method would differ from the partial statement you created in Requirement The method would result in the same total nut cash inflow from operating activities but it would be printed in terms of