prepare a statement of cash flows using inderect method for 2020

PROBLEM 1: Presented below are the income statement and balance sheet of Windsor, Inc. Income Statement-2020 Sales $100 40 60 Cost of goods sold Gross profit Operating expense Interest expense 7 4 Taxes 6 4 Gain on sale of equipment Loss on sale of investment (1) Total expenses 20 Net income 40 Balance Sheet 2020 2019 Cash $10 $2 Accounts receivable 12 10 Inventory 14 20 6 6 10 Prepaid rent Investments Equipment Accumulated depreciation 20 15 16 Total assets 60 55 Accounts Payable 4 Taxes payable 3 10 Bonds payable 10 4 Common stock 28 Retained earnings 13 10 Total 60 55 CONTINUED Additional Information A. Sold investment that cost $4 for $3. Average shares of stock outstanding was $10 Market price of a share of common stock was 520 D. Equipment costing 55 with accumulated depreciation of $3 was sold for SE requiredPrepare a statement of cash flows in the indirect method for 2000