Use the Income Statement and Additional Information presented below to determine Cash Flow from Operations: Income Statement For the Year Ended December 31, 2020 Sales Cost of Goods Sold: $7,100,000 Beginning Inventory $1,700,000 Purchases 5,430,000 Less: Ending Inventory 1,775,000 Cost of Goods Sold 5,355,000 Gross Profit 1,745,000 Operating Expenses 1,000,000 Loss on Sale of Equipment Net Income (10,000) $ 735,000 Additional Information: 1. Accounts receivable increased $110,000 during the year. 2 Prepaid expenses increased $60,000 during the year 3. Accounts payable to merchandise suppliers increased $50,000 during the year. 4. Accrued expenses decreased $80,000 during the year. 5. Accumulated depreciation increased by $10,000 during the year. Equipment was sold during the year that had an original cost of $45,000 and accumulated depreciation of $22,000. Determine Cash Flow from Operating Activities: $_ 480000 Match each account or description with one of the 12 balance sheet classifications. You may use a balance sheet classification more than once. Income Tax Receivable Current Assets Cash Surrender Value of Life Other assets Insurance Machinery Franchise Non-current portion of Prepaid Rent Dividends Payable Bonds Payable Paid in Capital in Excess of Par -common stock Earnings over the life of the company, less dividends Foreign currency translation adjustment Capital stock that has been issued and the reacquired by the company Shares held by non controlling stockholders Investment in IBM stock with intent to hold at least one year Deferred revenue (current) Property, plant, and equipm Intangible Assets Other assets Current Liabilities Long-term Liabilities Contributed Capital (CS+AP Retained Earnings Accumulated Other Compre 1111 Treasury Stock Non-controlling interests Investments Current Assets