Prepare a cashflow statement using indirect method.

Additional information:

1. Additional shares were issued during the year

2. There were no gains or losses on the long term investments sold or the bonds retired.

3. Old machinery, with an original cost of 75100 was sold for 2100.

The company's year end is December 31. Dec-20 Dec-19 Cash Accounts Receivable Inventories Long-term Investments Machinery $ Accumulated Depreciation-Machinery $ 193,000.00 $ 76,100.00 $ 146,250.00 $ 111,800.00 $ 351,000.00 $ (65,000.00) $ 813.150.00 $ 46,080.00 58,800.00 123,420.00 112,800.00 291,000.00 (62.400.00) 569.700.00 Accounts Payable Income Tax Payable Bonds Payable Common shares Retained Earning $ $ $ 130,000.00 $ 21,450.00 $ 97,500.00 $ 260,000.00 $ 304,200.00 $ 813,150.00 $ 80,760.00 20,400.00 132,000.00 210,000.00 126,540.00 569.700.00 479,892.00 for the year ended Dec 2020 Sales cost of goods sold Depreciation expense Other expenses Income tax expense Interest expense Loss on sale of machinery Net Income $ $ $ $ 161,644.00 58,800.00 17,374.00 10,185.00 3,822.00 16,800.00 $ $ $ (268,625.00) 211,267.00