Prepare Statment of Cash Flows - Indirect Method

ADDITIONAL INFORMATION for 2020:

Net income for 2020 1,700

Depreciation expense 400

Cash dividends declared and paid 200

Cash received for equipment sold 700

Original cost of equipment sold 1,000

Loss on sale of equipment 100

Additional equipment purchased 2,500

Additional investments were purchased

Account	Beg Bal	End Bal
Cash	700	1,700
Accounts receivable	800	1,100
Inventory	2,000	1,800
Equipment	1,100	2,600
Investments	1,000	1,900
Plant assets	4,500	6,000
Accumulated depreciation	800	1,200
Accounts payable	700	500
Bonds payable	2,500	2,800
Common stock	4,000	5,000
Retained earnings	1,000	2,500