Question: Prepare a Cash Flow Statement using the Indirect Method. DO NOT use the DIRECT Method Not all accounts listed may be used in this example

Prepare a Cash Flow Statement using the Indirect Method.
DO NOT use the DIRECT Method
Not all accounts listed may be used in this example
Net income $1,500,000
Cash December 31, 2018 $750,000
Cash December 31 2019 ???????
Depreciation Expense $20,000
Increase in inventory $15,000
Decrease in accounts payable $32,000
Increase in Prepaid insurance $31,000
Purchased stock $22,000
Purchased land $99,000
Paid mortgage $60,000
Paid car loan $43,000
Increase in wages payable $11,000
Patient Receivable $24,000.00

Show using excel formulas such as =SUMA2-A1

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