59000 20500 Peterrose Software Inc. Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 20000 Loss on sale of equipment 2500 Increase in accounts receivable 50001 Increase in inventaries 2500 Increase in prepaid expenses (1300) Increase in accounts payable 2200 Increase in income tax payable 2600 Decrease in accrued liabilities (12000) Net cash provided by operating activities Cash flows from investing activities: Purchase of building (63000) Purchase of long-term investment (44800) Proceeds from sale of equipment 58100 Collection of loan 10300 Net cash used for investing activities Cash flows from financing activities: Issuance of common shares 38000 Issuance of long-term note payable 34900 Payment of cash dividends (18400) Repurchase of common shares (14900) Net cash provided by financing activities Net increase (decrease in cash Cash balance, December 31, 2019 Cash balance, December 31, 2020 (39200) 37800 78900 18000 81000 101000 (69000 Non-cash investing and financing activities: Acquisition of land by issuing long-term note payable Repayment of bands payable by issuing common shares Total non-cash investing and financing activities How much of the cash used for investing activities was provided by operations? Operations provided saf the cash used in the investing activities. 32000 Peterrose Software Inc. has assembled the following data for the year ended December 31, 2020. (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement Prepare Peterrose Software Inc.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of non-cash investing and financing activities. How much of the cash used for investing activities was provided by operations? Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections. Finally, determine the net increase (decrease) in cash. (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows.) X Current accounts Transaction data December 31, Transaction Data for 2020: 2020 2019 Acquisition of land by issuing long-term note payable $ 14,900 2,500 Current Accounts: $ Current assets: Stock dividends.. 18,400 Repurchase of common shares 101,000 Loss on sale of equipment... 31,800 Payment of cash dividends 10,300 Issuance of long-term note 20,000 payable to borrow cash 63,000 Net income Cash and cash equivalents $ 81,000 $ 18,000 Collection of loan Accounts receivable 64,000 34,900 69,900 88,500 Depreciation expense. Purchase of building.. Inventories 86,000 59,000 Prepaid expenses 3,600 2,300 Issuance of common shares Repayment of bonds payable by issuing common shares Current liabilities: 69,000 for cash 36,000 Accounts payable 57,400 55,200 Purchase of long-term Proceeds from sale of Income tax payable 16,300 investment 44,600 equipment 58,100 18,900 15,800 Accrued liabilities 27,800 Print Done Print Done