Analysts following the Wildhorse Golf Company were given the following balance sheet information for the years ended June $30,2020,$ and June $30,2019$:

Assets

$2020$

$2019$

Cash and marketable securities

$$33,521$ $$16,676$

Accounts receivable

$260,315318,933$

Inventory

$423,984352,850$

Other current assets

$41,416$

$30,022$

Total current assets

$$759,236$ $$718,481$

Plant and equipment

$1,931,9391,610,008$

Less: Accumulated depreciation

$(419,209)$

$(206,788)$

Net plant and equipment

$$1,512,730$ $$1,403,220$

Goodwill and other assets

$382,255$

$412,730$

Total assets

$$2,654,221$

$$2,534,431$

Liabilities and Equity

$2020$

$2019$

Accounts payable and accruals

$$378,401$ $$332,114$

Notes payable

$14,6527,972$

Accrued income taxes

$21,290$

$16,925$

Total current liabilities

$$414,343$ $$357,011$

Long$-$term debt

$680,091793,680$

Total liabilities

$$1,094,434$

$$1,150,691$

Preferred stock

$--$

Common stock $(10,000$ shares$)$

$10,00010,000$

Additional paid$-$in capital

$975,575975,575$

Retained earnings

$587,656398,165$

Less: Treasury stock

$(13,444)$

$-$

Total common equity

$$1,559,787$

$$1,383,740$

Total liabilities and equity

$$2,654,221$

$$2,534,431$

In addition, it was reported that the company had a net income of $$3,155,958$ and that depreciation expenses were equal to $$212,421$ during $2020.$ Assume amortization expense was $$0$ in $2020.$

Problem $3\mathrm{.}32($a$)$

Construct a $2020$ cash flow statement for this firm. $($If an amount reduces the cash flow then enter with negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Wildhorse Golf Company

Statement of Cash Flows

choose the accounting period

select an opening name for section one

select a cash flow item

$enter a dollar amount

Additions $($sources of cash$)$

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

Subtractions $($uses of cash$)$

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

select a closing name for section one

$enter a total amount for section one

select an opening name for section two

select a cash flow item

$enter a dollar amount

select a cash flow item

enter a dollar amount

select a closing name for section two

$enter a total amount for section two

select an opening name for section three

select a cash flow item

$enter a dollar amount

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

select a closing name for section three

$enter a total amount for section three

select a cash flow item

$enter a dollar amount

select a cash flow item

enter a dollar amount

select a cash flow item

enter a dollar amount

select a closing name for this statement

$enter a total of the three previous amounts