Analysts following the Tomkovick Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019:

In addition, it was reported that the company had a net income of $3,155,848 and that depreciation expenses were equal to $212,366 during 2020. Assume amortization expense was $0 in 2020.

a. Construct a 2020 cash flow statement for this firm.

b. Calculate the net cash provided by operating activities for the statement of cash flows.

c. What is the net cash used in investing activities?

d. Compute the net cash provided by financing activities.

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Assets Cash and marketable securities Accounts receivable Inventory Other current assets Total current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Goodwill and other assets Total assets Liabilities and Equity Accounts payable and accruals Notes payable Accrued income taxes Total current liabilities Long-term debt Total liabilities 2020 $ 33,411 260,205 423,819 41,251 $ 758,686 1,931,719 (419,044) $1,512,675 382,145 $2,653,506 2020 $ 378,236 2019 $ 16,566 318,768 352,740 29,912 $ 717,986 1,609,898 (206,678) $1,403,220 412,565 $2,533,771 14,487 21,125 $ 413,848 679,981 $1,093,829 2019 $ 332,004 7,862 16,815 $ 356,681 793,515 $1,150,196 Preferred stock Common stock (10,000 shares) 10,000 10,000 Additional paid-in capital 975,465 975,465 Retained earnings 587,546 398,110 Less: Treasury stock (13,334) Total common equity $1,559,677 $1,383,575 Total liabilities and equity $2,653,506 $2,533,771