d. All debits to Account e. All other expenses are cash expenses. Problem to na Preparing the statement of cash flows (indirect method) LO5, 6 CHECK FIGURE: Net cash outflow from investing activities = $8,000 Sunny Technologies Inc began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020 is shown below along with some other information. Sunny Technologies Inc. Sunny Technologies Inc. Post-Closing Trial Balance Income Statement December 31 For Year Ended December 31, 2020 2020 2019 Revenues $ 62,400 $ 76,800 Sales 627,200 41,600 30,400 Cost of goods sold 483.200 Recelvables 27,200 35,200 Gross pront 144,000 Merchandise inventory 230,400 190,400 Expenses and other Property, plant, and equipment.... 64.000 52,800 Other expenses... 155,200 Accumulated depreciation. 49,600 62,400 Depreciation expense........... 25,600 Accounts payable 11.200 6.400 Total operating expenses........ 180.800 Accrued liabilities 97.600 40,000 (36,800) Operating profit (loss) Notes payable... 49,600 8,000 20.800 Loss on sale of plant assets Common shares (57,600) 89,600 Profit (Loss) Retained earnings 163,200 Cash Other information regarding Sunny and its activities during 2020: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. 4. Plant assets worth $99,200 were purchased during the year by paying cash of $32,000 and issuing a long- term note payable for the balance. Required Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2020. Juni Cominonen