Question: Prepare a statement of cash flows for 2020 using the indirect method. Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to

Prepare a statement of cash flows for 2020 using the indirect method.

Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $18250 Adjustme

Issuance of Common Stock Net Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Period Cash at End o

Cash Flows from Operating Activities Net Income Adjustments to reconcile net income

Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on disposal of Plant Assets V Increase in Accounts Receivable Increase in Accounts Payable Statement of Cash Flows For the Year Ended December 31, 2020 Purchase of Investments Net Cash Provided by Operating Activities Sale of Equipment Cash Flows from Investing Activities Payment of Dividends Retirement of Bonds Net Cash Used by Investing Activities Issuance of Common Stock Cash Flows from Financing Activities Net Cash Used by Financing Activities V $ $ 5950 4800 $ 18250

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