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Additional information: 1. Net income was S18,300. Dividends declared and paid were S16,400, 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was

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Additional information: 1. Net income was S18,300. Dividends declared and paid were S16,400, 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for 53,300. 3. All other changes in noncurent account balances had a direct effect on cash flows. except the change in accumulated depreciation. INSTRUCTIONS: Prepare a statement of cash flows for 2020 using the indirect method. Prepare on proper accounting paper. UPLOAD YOUR ANSWERAS A PDF FILE

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