Cheyenne CORPORATION Comparative Balance Sheets December 31
		2020			2019
Cash		$ 33,200			$ 13,200
Accounts receivable		12,300			10,000
Inventory		12,100			9,000
Available-for-sale debt investment		0			3,000
buildings		0			29,800
equipment		44,600			$20,000
patents		5,000			$ 6,300
total		107,200			91,300
Allowance for doubtful account		$3,000			$4,500

Accumulated depreciation- equipment		2,000			4,500
Accumulated depreciationbuildings		0			5,900
Accounts payable		5,000			3,000
Dividends payable		0			5,000
Notes payable short term (nontrade		2,900			4,000
Long-term notes payable		31,000			25,000
Common stock		$43,000			$33,000
Retained earnings		$ 20,300			$ 6,400
Total		107,200			91,300

Addition data related to 2020 are follows:

1. Equipment that had cost $11,000 and was 40% depreciated time of disposal was sold for $2,500.

2. $10,000 of the long-term note payable was paid by issuing common stock.

3. Cash dividend paid were $5,000

4. on January 1,2020 the building was completely destroyed by flood. Insurance proceeds on the building were $29,700 (net of $2,100 taxes

5. debt investments (available-for -sale) were sold at $1700 above their cost. The company has made similar sales and investments in the past.

6. Cash was paid for acquisition of equipment

7. A long-term notes $16000 was issued the acquisition of equipment.

8. interest of $2000 and income tax of $6600 were paid in cash

A/ Create a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).)

• Adjustements to reconcile net income to:
• Supplemental disclosure of cash flow information: