55 INDIRECT METHOD Debits Credits 12/31/2019 12/31/2020 66 67 68 69 Cash 70 Accounts Receivable 71 Inventory 72 Prepaid Insurance 73 Land 74 Buildings 75 Equipment 76 77 78 Accumulated Depreciation, Buildings 79 Accumulated Depreciation, Equipment 80 Accounts Payable 81 Bonds Payable 82 Common Stock ($1 par) 83 Retained Earnings 148,000 104,000 0 24,000 280,000 800,000 272,000 1,628,000 216,000 272,000 216,000 16,000 180,000 800,000 772,000 2,472,000 44,000 40,000 160,000 600,000 240,000 544,000 1,628,000 84,000 112,000 132,000 440,000 880,000 824,000 2,472,000 BA Cash Flow Section 85 86 87 88 D