Comparative balance sheets for 2019 and 2020, income statement for 2020 for Marys shop Balance Sheet As of December 31 st Assets 2020 2019 Cash $1,550 $1,100 Account Receivable 550 1,200 Inventory 1,800 1,300 Investment Trading Securities 970 970 Fair Value Adjustment 70 0 Property Plant Equipment 12,000 10,800 Accumulated Depreciation PPE (4,650) (5,400) Goodwill $400 $600 Total Assets $12,690 $10,570 Liabilities Accounts Payable $200 $550 Accrued Wages 800 220 Convertible Bonds Payable 0 300 Bonds Payable 3,400 1,800 Discount on Bonds Payable (10) (12) Total Liabilities $4,390 $2,858 Stockholders Equity Common Stock 4,300 3,100 Paid in capital Common Stock 300 100 Retained Earnings 3,700 4,512 Total Liability Stockholders Equity $12,690 $10,570 Income Statement During the Year Ended December 31 st Revenues 2020 Sales Revenue $25,600 Dividend Revenue 110 Unrealized Holding Gain Loss Income 70 Total Net Sales $25,780 Expenses Cost of Goods Sold $21,300 Operating Expenses 4,287 Interest Expense 45 Loss due to impairment of Goodwill 200 Loss on sale of Machinery 70 Total Expenses 25,902 Income Before Income Tax (122) Income Tax Expense 0 Net Income (Loss) $ (122) Additional Information from the 2020 accounting records Mary owns a 10 of Berry Inc which is labeled as a Trading Security that increased in market value during 2020 Berry gave out $1,100 worth of dividends to all of its owners during 2020 Machinery (part of the Plant Property and Equipment value) with an original cost of $1,000 was sold Deprecation was calculated using the straight line method and exactly 90 of its useful life was used up $1,600 worth of equipment was purchased by issuing a bond All other Property, Plant, and Equipment purchases were made in cash Depreciation is included as part of Operating Expense 100 of Convertible bonds were exchanged for 100 shares of $1 par common stock TO DO Prepare the statement of cash flow under the indirect method Your finished product should have all the information disclosed on a formal statement, and a list of noncash transactions

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Comparative balance sheets for 2019 and 2020, income statement for 2020 for Marys shop. Balance Sheet As of December 31 st Assets 2020 2019 Cash

Comparative balance sheets for 2019 and 2020, income statement for 2020 for Marys shop.

Balance Sheet

As of December 31^st

Assets	2020	2019
Cash	$1,550	$1,100
Account Receivable	550	1,200
Inventory	1,800	1,300
Investment Trading Securities	970	970
Fair Value Adjustment	70	0
Property Plant & Equipment	12,000	10,800
Accumulated Depreciation PPE	(4,650)	(5,400)
Goodwill	$400	$600
Total Assets	$12,690	$10,570

Liabilities
Accounts Payable	$200	$550
Accrued Wages	800	220
Convertible Bonds Payable	0	300
Bonds Payable	3,400	1,800
Discount on Bonds Payable	(10)	(12)
Total Liabilities	$4,390	$2,858
Stockholders Equity
Common Stock	4,300	3,100
Paid-in capital Common Stock	300	100
Retained Earnings	3,700	4,512
Total Liability & Stockholders Equity	$12,690	$10,570

Income Statement

During the Year Ended December 31^st

Revenues	2020
Sales Revenue	$25,600
Dividend Revenue	110
Unrealized Holding Gain/Loss - Income	70
Total Net Sales		$25,780

Expenses
Cost of Goods Sold	$21,300
Operating Expenses	4,287
Interest Expense	45
Loss due to impairment of Goodwill	200
Loss on sale of Machinery	70
Total Expenses		25,902
Income Before Income Tax		(122)
Income Tax Expense		0
Net Income (Loss)		$ (122)

Additional Information from the 2020 accounting records:

Mary owns a 10% of Berry Inc. which is labeled as a Trading Security that increased in market value during 2020. Berry gave out $1,100 worth of dividends to all of its owners during 2020.

Machinery (part of the Plant Property and Equipment value) with an original cost of $1,000 was sold. Deprecation was calculated using the straight-line method and exactly 90% of its useful life was used up.

$1,600 worth of equipment was purchased by issuing a bond. All other Property, Plant, and Equipment purchases were made in cash.

Depreciation is included as part of Operating Expense.

100% of Convertible bonds were exchanged for 100 shares of $1 par common stock.

TO DO: Prepare the statement of cash flow under the indirect method. Your finished product should have all the information disclosed on a formal statement, and a list of noncash transactions.