Required: Reference the Financial Statements from Project #11 1. Prepare a Statement of Cash Flows using the indirect method. Note: This is Fido's first year of business, the beginning balances are zero for all accounts. Fido's Food Mart Adjusted Trial Balance December 31, 20XX Account Title Cash Accounts Receivable Debits Credits 56,996 9,512 Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance Equipment Vehicle 1,260 20,390 650 320 30,550 12,250 Less: Accumulated Depreciation - Equipment & Vehicle 1,780 Accounts Payable Interest Payable Unearned Revenue (Gift Cards) Dividends Payable Bonds Payable (mature 12/31/XX) Common Stock (200 shares @$210/share) 62,128 400 275 2,200 Additional Paid In Capital - Common Stock Dividends Declared Treasury Stock Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Bad Debt Expense Bank Charges Insurance Expense Depreciation Expense Interest Expense Rent Expense Supplies Expense Wages Expense Totals 12,000 46,200 300 2,200 1,125 0 134,725 40 64,330 34,840 3,260 15 1,780 160 400 5,750 1,200 15,500 261,268 261,268 Note: Use the Financial Statements prepared for Project No. 11 Account type Current assets (except for Cash) Cash flow activity Operating Long-term assets Investing Other assets Investing Current liabilities Operating Long-term liabilities Financing Equity Financing Net income (from income Operating statement)