please write down the working

required: preparr a statement of cash flows using the indirect method. Disose any non cash investing and financing activities and tax paid in note

The income statement and comparative balance sheets of Spartacus Ltd, a trading company, for the year ended December 31, 2020 were as follows: a. Sales Cost of goods sold. Gross profit... Operating expenses: Depreciation.. Other expenses.. Total operating expenses. Loss on sale of equipment. Income before taxes.. Income taxes expense. Net Income... e Assets Cash. Accounts receivable. Merchandise inventory Prepaid expenses. Equipment.... Accumulated depreciation - equipment.. Total assets.. Liabilities and Equity Accounts payable. Income taxes payable. Short-term notes payable. Long-term notes payable. Common stock, $10 par. Paid-in capital in excess of par, common stock Retained earnings... Total liabilities and equity.. $ 37,000 85,000 2020 $ 137,000 98,750 642,395 3,650 405,500 (166,000) $1.121.295 $158,500 75,500 11,500 70,000 190,000 48,000 567,795 $1.121.295 C. Borrowed $4,500 cash by signing a short-term note payable. d. Issued 4,000 shares of common stock for $22 cash per share. $762.000 (347,000) 415,000 (122,000) 293,000 (7,655) 285,345 (77,250) $208,095 2019 $ 99,000 57,000 376,000 2,400 356,500 (144,000) $746,900 Additional information on transactions during 2020: Sold equipment costing $51.000 with accumulated depreciation of $15,000, for $28,345 cash. b. Purchased equipment costing $100,000 by paying $30,000 cash and signing a long- termi note payable for the balance. $47,500 83,700 7,000 0 150,000 0 458,700 $746,900 Declared and paid cash dividends of $99,000. The directors wish these payments to be reported as financing activities