prepare a cash flow statement using indirect method

balane sheet as on 31 december 2019 2020(in $). 2019(in $)

Assets

Cash. 8000 5000

accounts

recievable 15000 12000

inventory 30000 33000

net equipment 24000 20000

total assets. 77000 70000

Liabilities and

equity

accounts

payable 21000 17000

accrued payable 4000 5000

common sahres 35000 30000

retained earnings 17000 18000

total liabilities

equity 77000 70000

Income statement

Sales 140,000

cost of goods 30,000

gross profit 1,10,000

operating expenses 80000

depreciation expense 10000

Loss on sale of

equipment 5000 95,000

net income 15000

additional information

1.Prepare costing 20,000,depreciation 12000 was sold for $3000

2.Purchased equipment costing 22000 by paying 17000 cash and remaining as accountsnpayable

3.Paid cash dividend of 2100