behlan industries

Cash Flow Statement Behlen Industries began operations on January 1, 2019. Its post-closing tria 2020 , is shown below along with some additional information. Behlen Industries Income Statement For the Year Ended December 31, 2020 Revenues: Sales Expenses: Cost of goods sold Other expenses Depreciation expense Profit from operations Other revenue and expenses: Loss on sale of plant assets Profit Other information regarding Behlen Industries and its activities during 2020: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. No share dividends were declared or distributed. 3. Plant assets (PPE) worth $167,000 were purchased during the year by paying cash of $64,000 and issuing a long-term note payable for the balance. 4. Plant assets (PPE) were sold during the year. 5. A cash payment was made on the note payable. 6. Common shares were issued. Using the template provided, prepare a (complete) statement of cash flows for Behlen Industries for the year ended December 31, 2020, using the indirect method. Use brackets ( ) to enter negative cash flows