Chapter 10 and 11 Intersession 2020 (1) - Word 150,000 5,000 52,000 Mailings ceferences Review View Help $ Collections on accounts receivable $ Decrease in accounts receivable $ Depreciation expense $ Bonds payable converted into common shares $ Decrease in prepaid expenses $ Payments to suppliers Acquisition of equipment by issuing non-current note payable $ Increase in accounts payable $ Gain on sale of investments $ Long Term Debt payments $ Decrease in accrued liabilities $ Proceeds from issuance of common shares $ Increase in inventory $ Payment of cash dividends $ Income tax expense $ Cash sales $ Loss on sale of capital assets $ Proceeds from sale of capital assets $ Loan to another company $ Cash payments to purchase capital assets $ Net income $ Collection of long-term loan receivables $ Proceeds from sale of investments $ Cash balance: December 31, 2018 $ Cash balance: December 31, 2019 $ 190,000 5,000 116,000 300,000 10,000 12,500 53,000 28,000 51,000 8,200 20,000 22,500 90,000 8,200 48,000 38,000 86,000 135,000 22,000 48,000 38,000 176,500 rkaler 59119 Document1 - Saved to this PC e Search References Design Layout Mailings Review View Help Question 1 Mighty Ltd. is reporting the following for December 31, 2019. Prepare the cash flow statement for December 31, 2019 using the indirect method, under ASPE. Include a schedule of noncash investing and financing activities, if necessary