Cash flow statement indirect method

The balance sheet and income statement for Vispara Company are pre- Depreciation Expense sented below. Lots on Sale of Equipment Vispara Company Balance Sheet Gain on Sale of Land As at December 31 2020 2019 Changes in Operating Assets and Liabilities Assets ncrease in Accounts Receivable Current Assets Cash $134 735 579,000 crease in Merchandise Inventory Accounts Receivable $50 300 $30 50 Decrease in Accounts Payable Merchandise Inventory $72.800 945,20 Total Current Assets $257 935 $154 70 Change in Cash Due to Operating Activities Land $104,000 $109.900 Equipment $107.000 $139,00 Cash Flow from Investing Activities Lesic Accumulated Depreciation 5-48,000 5-64,00 Sale of Equipment Total Assets $420,835 5338.700 ale of Land Liabilities and Equity Liabilities Net Cash Provided (Used] by Investing Activities Current Liabilities Accounts Payable $42.100 $67.10 Cash Flow from Financing Activities Taxes Payable $29,000 $29.000 Proceeds from Issuance of Common Share Total Current Liabilities $71.100 595.1 Bonds Payable $131.500 585.2 Proceeds from Bonds Payable Total Liabilities $202 600 $184 300 Payment of Dividends Shareholders' Equity Common Shares $81,100 $67,100 Net Cash Provided (Used] by Financing Activities Retained Earnings $137.135 $87.300 Total Shareholders Equity 1218,235 5154 400 Not increase (decrease) in cash Total Liabilities and Equity $420.835 5338,700 Cash at the Beginning of the Year Cash at the End of the Year Notes: The company paid cash dividends during 2020. The company did not make a bonds payable payment during 2020. The company did not purchase any equipment during 2020. The company did not purchase any land during 2020. Vispara Company Income Statement For the Year Ended December 31, 2020 Sales $421.009 Cost of Goods Sold $273,650 Gross Profit $147.350 Operating Expenses Depreciation Expense Other Operating Expenses $29.8 Total Operating Expenses $38,8 income from Operations $108.55 her Income and Expenses $-7.90 Loss on Sale of Equipment 3-5,50 Gain on Sale of Land Operating Income before Tax |$101.0 income Tax $30.315 Net Income (Lows) $70,735 Prepare the cash flow statement for December 31, 2020 using the indirect method Vipara Company Cash How Statement For the Year Ended December 31, 2020 Cash Flow from Operating Activities Net Income Adjustments to Reconcile Net Income to Cash