cash flows from operating activities: profit $ 146,900 accounts receivable increase $ (16,700 ) inventory decrease 49,600 prepaid expense increase (6,600 ) accounts payable decrease (21,700 ) income taxes payable increase 6,400 depreciation expense 14,000 loss on disposal of equipment 11,400 gain on bond retirement (3,700 ) 32,700 net cash inflows from operating activities $ 179,600 cash flows from investing activities: receipt from sale of office equipment $ 9,100 purchase of store equipment (35,000 ) net cash outflows from investing activities (25,900 ) cash flows from financing activities: payment to retire bonds payable $ (66,300 ) payment of dividends (40,000 ) net cash outflows from financing activities (106,300 ) net increase in cash $ 47,400 cash balance at december 31, 2019 47,400 cash balance at december 31, 2020 $ 94,800 swiss farm inc.s balance sheet information is as follows: december 31 2020 2019 cash $ 94,800 $ 47,400 accounts receivable 118,900 102,200 merchandise inventory 214,700 264,300 prepaid expenses 13,000 6,400 equipment 103,100 114,600 accumulated depreciation 22,200 34,200 accounts payable 62,500 84,200 income taxes payable 14,900 8,500 dividends payable 0 9,500 bonds payable 0 70,000 common shares 295,000 295,000 retained earnings 149,900 33,500 an examination of the companys statements and accounts showed: all accounts have normal balances. all sales were made on credit. all merchandise purchases were on credit. accounts payable balances resulted from merchandise purchases. prepaid expenses relate to other operating expenses. equipment that cost $46,500 and was depreciated $26,000 was sold for cash. equipment was purchased for cash. the change in the balance of accumulated depreciation resulted from depreciation expense and from the sale of equipment. the change in the balance of retained earnings resulted from dividend declarations and profit. cash receipts from customers were $825,200. cash payments for merchandise inventory amounted to $435,400. cash payments for other operating expenses were $175,800. income taxes paid were $34,400. required: prepare swiss farms single-step income statement for 2020. ne cash flow statement cash flow statement format how to prepare cash flow statement cash flow statement indirect method cash flow statement example cash flow statement example questions and answers importance of cash flow statement how to prepare a cash flow statement step by step