Salrose Software Inc. has assembled the following data for the year ended December 31, 2020. (Click the icon to view the current accounts.) Requirement (Click the icon to view the transaction data.) Prepare SalroseSoftware Inc.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of non-cash investing and financing activities. How much of the cash used for investing activities was provided by operations? Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections. Finally, determine the net increase (decrease) in cash. (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows.) Cash flows from operating activities: Net income Salrose Software Inc. Statement of Cash Flows For the Year Ended December 31, 2020 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Loss on sale of equipment Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Increase in income tax payable Decrease in accrued liabilities Subtotal Net cash provided by operating activities Cash flows from investing activities: Purchase of building Purchase of long-term investment Proceeds from sale of equipment Collection of loan Net cash used for investing activities Cash flows from financing activities: Issuance of common shares Issuance of long-term note payable Payment of cash dividends Repurchase of common shares Net cash provided by financing activities Net increase (decrease) in cash Cash balance, December 31, 2019 Cash balance, December 31, 2020 Non-cash investing and financing activities: Acquisition of land by issuing long-term note payable Repayment of bonds payable by issuing common shares Net increase (decrease) in cash Cash balance, December 31, 2019 Cash balance, December 31, 2020 Non-cash investing and financing activities: Acquisition of land by issuing long-term note payable Repayment of bonds payable by issuing common shares Total non-cash investing and financing activities Current accounts Current Accounts: Current assets: December 31, 2020 2019 I Cash and cash equivalents 42,900 $ 18,000 Accounts receivable 69,800 64,500 Inventories 89,500 82,000 Prepaid expenses 2,900 1,700 Current liabilities: Accounts payable 58,000 55,500 Income tax payable 18,400 17,000 Accrued liabilities 15,800 27,600 Transaction data Transaction Data for 2020: Acquisition of land by issuing long-term note payable $ 95,000 Stock dividends 31,800 Collection of loan 10,300 Depreciation expense 20,000 Purchase of building 61,000 Repayment of bonds payable by issuing common shares 69,000 Purchase of long-term investment 44,800 Repurchase of common shares 14,300 Loss on sale of equipment 3,500 Payment of cash dividends 18,400 Issuance of long-term note payable to borrow cash 34,800 Net income 21,000 Issuance of common shares for cash 36,900 Proceeds from sale of equipment 58,800