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Chalet foods International provides food and beverage services to institutional facilities like school and hospitais. At the end of 2020 , the income statement and

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Chalet foods International provides food and beverage services to institutional facilities like school and hospitais. At the end of 2020 , the income statement and comparative halanrn chast was nonnwat in shown below. Additional Information: During 2020 , land was sold for a loss of $4,200, There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable. Take me to the text Chalet Foods International provides food and beverage services to institutional facilities like school and hospitals. At the end of 2020 , the income statement and comparative balance sheet were prepared as shown below. Chalet Foods International Cash Flow Statement For the Year Ended September 30, 2020 Cash Flow from Operating Activities Net income 290875 Adjustments for Non-Cash Items Depreciation 10200 Loss on Sale of Land 4200 Change in Current Assets and Current Liabilities Decrease in Accounts Receivable Increase in Food \& Beverage Inventory Decrease in Accounts Payable 20700 Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Sale of Land Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Proceeds from Notes Payable Payment of Cash Dividend Issue of Common Shares \begin{tabular}{|l|l|l|} \hline Increase in Food \& Beverage Inventory \\ \hline Decrease in Accounts Payable \\ \hline Net Cash Provided (Used) by Operating Activities & \\ \hline Cash Flow from investing Activities & 6400 \\ \hline Sale of Land \\ \hline Net Cash Provided (Used) by Investing Activities & \\ \hline Cash Flow from Financing Activities & \\ \hline Proceeds from Notes Payable & \\ \hline Payment of Cash Dividend & \\ \hline Issue of Common Shares & \\ \hline Cash at the Beginning of the Year \\ \hline Net Cash Provided (Used) by Financing Activities & \\ \hline Net increase (Decrease) in Cash & \\ \hline \end{tabular} Check maditional Information: During 2020 , land was sold for a loss of $4,200. There was no nurchaco the notes payable Greate the cash flow statement using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash

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