almost done but some questions need help! please see below puctures.

CULLUMBER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 $7,000 Cash $5,900 Accounts receivable 62,000 51,500 Short-term debt investments (available-for-sale) Inventory Prepaid rent Equipment 34,700 39,700 4.900 154,300 (35.300) 45.600 $311.800 17.900 60,400 4.100 130,500 (25,200) 49.700 $295.900 Accumulated depreciation-equipment Copyrights Total assets Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, $10 par Contributed capital, common stock Retained earnings Total liabilities & stockholders' equity $46,200 $40,400 4,000 6,000 8,100 3.900 8.000 9.900 60.20069,300 100,000 100.000 30,000 30,000 55,300 36,400 $311,800 $295,900 aps Homework #2 Total liabilities & stockholders' equity $311,800 $295,900 CULLUMBER INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue $335,600 Cost of goods sold 174,600 Gross profit 161.000 Operating expenses 120.700 40,300 Operating income Interest expense $11.400 Gain on sale of equipment 2,100 9,300 Income before tax 31,000 Income tax expense 6,200 Net income $24.800 Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $19,800 and was 70% depreciated was sold during 2020 Prepare a statement of cash flows using the indirect method. pshow amounts that decrease cash flow with elthera CULLUMBER INC. CULLUMBER INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 24800 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 23960 Gain on Sale of Equipment -2100 Amortization of Copyright 4100 Increase in Accounts Receivable -10500 Decrease in Inventories 20700 Increase in Accounts Payable 5800 Increase in Prepaid Rent -800 Increase in Salaries and Wages Payable 4200 Decrease in Income Taxes Payable -2000 43360 Net Cash Provided by Operating Activities 68160 s Homework #2 8 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment -43600 Sale of Equipment Purchase of Investments Net Cash Used by Investing Activities Cash Flows from Financing Activities Dividend Payments 5900 Principal Payment on Long-term Loan Principal Payment on Short-term Loan Net Cash Provided by Financing Activities Net Decrease in Cash Cash at Beginning of Period Cash at End of Period