3 Additional information regarding ICE Driling's activities during 2020 1. Loss on sale of equipment is $13.080. 2. Paid $71880 to reduce a long-term note payable 3. Equipment costing $113,000, with accumulated depreciation of S71000, is sold for cash 4. Equipment costing $217,480 purchased by paying cash of $57600 and signing a long-term note payible for the balance 5. Borrowed $8.400 by signing a short-term nate payable 6. Issued 10,080 common shares for cash at $10 per share. 7. Declared and paid cash dividends of $140750 Roforces Required Prepare a statement of cash flows for 2020 that reports the cash inflows and outflows from operating activities according to the Indirect method. (List any deduction in cash and cash outflows as negative amounts.) ICE DRILLING INC. Statement al Cash Flow For Year Ended December 31, 2020 Cash flow from operating actes Adsets to reconcili profitto nel cash now operating activities Cash flow from Cashflows from Analysis Component Merchandise Inventory. Prepaid Expenses, Notes Payable, and common Shares are some of the accounts that changed during 2020 indicate what wansactions likely caused each of these accounts to increase and/or decrease. You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) Merchandise Inventory nowed by the purchase of merchandise decreases caused by the purchase of medine decreases caused by the sale of merchandise nos caused by the wie of merchandise Prepaid expenses caused by the purchase of prepadom, such as the payment of rest or surance advance de cand by the seat propad decreases caused by the purchase of prepaid herrs. ie such as the payment of rent or insurance in advance increases caused by the use of prepaid expenses Notable ressed by the ance of borrow Ny the collaborrowing Enores coused by principal payments Common shares Eneses coused by the sunce of shares and share dividends de by the purchase and cancellion of shares de Cred by the cores de dividende increases caused by the purchase andior cancellation of shares ME 3 Additional information regarding ICE Driling's activities during 2020 1. Loss on sale of equipment is $13.080. 2. Paid $71880 to reduce a long-term note payable 3. Equipment costing $113,000, with accumulated depreciation of S71000, is sold for cash 4. Equipment costing $217,480 purchased by paying cash of $57600 and signing a long-term note payible for the balance 5. Borrowed $8.400 by signing a short-term nate payable 6. Issued 10,080 common shares for cash at $10 per share. 7. Declared and paid cash dividends of $140750 Roforces Required Prepare a statement of cash flows for 2020 that reports the cash inflows and outflows from operating activities according to the Indirect method. (List any deduction in cash and cash outflows as negative amounts.) ICE DRILLING INC. Statement al Cash Flow For Year Ended December 31, 2020 Cash flow from operating actes Adsets to reconcili profitto nel cash now operating activities Cash flow from Cashflows from Analysis Component Merchandise Inventory. Prepaid Expenses, Notes Payable, and common Shares are some of the accounts that changed during 2020 indicate what wansactions likely caused each of these accounts to increase and/or decrease. You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) Merchandise Inventory nowed by the purchase of merchandise decreases caused by the purchase of medine decreases caused by the sale of merchandise nos caused by the wie of merchandise Prepaid expenses caused by the purchase of prepadom, such as the payment of rest or surance advance de cand by the seat propad decreases caused by the purchase of prepaid herrs. ie such as the payment of rent or insurance in advance increases caused by the use of prepaid expenses Notable ressed by the ance of borrow Ny the collaborrowing Enores coused by principal payments Common shares Eneses coused by the sunce of shares and share dividends de by the purchase and cancellion of shares de Cred by the cores de dividende increases caused by the purchase andior cancellation of shares ME