Additional information 1. The company purchased new equipment for $654,000, cash. 2. The company sold an old forklift that cost $150,000 and Accumulated Depreciation $100,000. 3. No additional patent or other intangible assets is acquired sold by the company during 2020. The existing patent is amortized annually. 4. Cash dividends declared and fully paid for 2020, $433,200. Instruction Prepare Statement of cash flows for the year ended December 31, 2020 using either indirect OR direct method (just select one, not both).Learning Objective: Able to apply accounting cycles for services and merchandise company. PT ABC Comparative Adjusted Trial Balance (in Rp000) 31-Dec-20 31-Dec-19 Difference Cash and Bank 153.700 147.100 6.600 Investment 105.300 97.400 7.900 Accounts Receivable 381.600 280.800 100.800 Inventory 360.000 432.000 (72.000) Prepaid Expenses 43.200 64.800 (21.600) Fixed Assets 3.024.000 2.520.000 504.000 Accum. Depreciation (1.080.000) (900.000) 180.000 Patents 367.200 417.600 (50.400) Accounts Payable 888.000 996.000 (108.000) Salaries Payable 40.000 44.000 (4.000) Tax Payable 31.200 27.300 3.900 Notes Payable 875.000 250.000 625.000 Bank Payable 973.600 1.238.400 (264.800) Share Capital 403.200 403.200 Retained Earnings 144.000 100.800 43.200 Sales 4.819.400 4.337.500 481.900 Sales returns 67.400 60.700 6.700 Cost of Goods Sold 2.613.600 2.352.200 261.400 Salaries expense 942.800 848.500 94.300 Rent expense 21.600 19.400 2.200 Utilities expense 62.400 56.200 6.200 Depreciation expense 280.000 252.000 28.000 Amortization expense 50.400 45.400 5.000 Gain on Sale of Plant Assets 30.000 27.000 3.000 Interest Expense 184.800 166.300 18.500 Income taxes Expense 150.000 135.000 15.000