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Driole Company has not yet prepared a statement of cash flows for the 2020 fiscal vear. Comparative balance sheets as of December 31, 2019 and
Driole Company has not yet prepared a statement of cash flows for the 2020 fiscal vear. Comparative balance sheets as of December 31, 2019 and 2020 , and a statement of income and retained earnings for the year ended December 31, 2020, are presented as follaws. Prepare a statement of cash flows ising the direct methad. Changes in accounts receivable and accounts payable relate to sales and cost of goods sald. IShow amourts in the investing ond financing sectians that decrease cosh fow with either a-sign eg. -15,000 or in purenthesiseg. {15,0001] ORIOLE COMPANY Statement of Cash Flows For the Vear Ended December 31, 202D ($000 0mitted) Cash Flows trom Qperating Aictithes Cash Papment far Incame Tanss Cash Flanstrom Imesting Act thities Purchase of Land Purchase of Bulkdings anct Enulpment Net Cash Used by Imesting, Arthites
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