The following are selective items extracted from Hitachi Co. Financial Statements as of December 31, 2020:...

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The following are selective items extracted from Hitachi Co. Financial Statements as of December 31, 2020: Current assets Cash Accounts receivable Inventory Accrued income Current Labilities Accounts payable Hitachi Co. Balance Sheets Interest payable Accrued Dividends Payable Income taxes payable Hitachi Co Income Statement Sales Cost of goods sold Wages & other expenses Depreciation expenses Gross profit Other gains flosses) Gain on sale of equipment 2020 $ 7,200 7,200 3,100 500 8,000 0 7,730 12,000 S 2019 $ 4,150 5,600 3,500 4,400 0 5,000 4,000 1,730 12,100 5 67,500 3,000 1,500 11,700 (16,200) 51,300 *** Important Notes nerest payab Accrued Dividends Payable Income taxes payable Hitachi Co. Income Statement Use threatur Sales Cost of goods sold Wages & other expenses Depreciation expenses Gross profit Other gains (losses) Gain on sale of equipment Loss on retirement of bonds Income before taxes Income taxes expense Net income Write inside the box below, do not upload any file Follow the layout of cash flow statement 0 7,730 12,000 $ 3,000 1,500 11,700 4,150 (3,450) 4,000 7,730 12,100 $ 67,500 Required Prepare cash flow from operating activities only, using the indirect method for the year ended December 8, 2020. (16,200) 51,300 700 $2,000 19,000) 43,000 The following are selective items extracted from Hitachi Co. Financial Statements as of December 31, 2020: Current assets Cash Accounts receivable Inventory Accrued income Current Labilities Accounts payable Hitachi Co. Balance Sheets Interest payable Accrued Dividends Payable Income taxes payable Hitachi Co Income Statement Sales Cost of goods sold Wages & other expenses Depreciation expenses Gross profit Other gains flosses) Gain on sale of equipment 2020 $ 7,200 7,200 3,100 500 8,000 0 7,730 12,000 S 2019 $ 4,150 5,600 3,500 4,400 0 5,000 4,000 1,730 12,100 5 67,500 3,000 1,500 11,700 (16,200) 51,300 *** Important Notes nerest payab Accrued Dividends Payable Income taxes payable Hitachi Co. Income Statement Use threatur Sales Cost of goods sold Wages & other expenses Depreciation expenses Gross profit Other gains (losses) Gain on sale of equipment Loss on retirement of bonds Income before taxes Income taxes expense Net income Write inside the box below, do not upload any file Follow the layout of cash flow statement 0 7,730 12,000 $ 3,000 1,500 11,700 4,150 (3,450) 4,000 7,730 12,100 $ 67,500 Required Prepare cash flow from operating activities only, using the indirect method for the year ended December 8, 2020. (16,200) 51,300 700 $2,000 19,000) 43,000

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