Example Company Balance Sheet December 31, 2019 and 2020				Example Company Income Statment For Year Ended December 31, 2020
	2019	2020				2020
Assets				Sales		873,252
Current Assets				Cost of Goods Sold		192,075
Cash	976	233		Gross Margin		681,177
Accounts Recievable	890	278
Allowance for Doubtful Accounts	(155)	(40)		EXPENSES
Investment in Bonds	1	171		Bad Debt		328
Inventories	285	540		Depreciation		66,337
Prepaid expenses	153	32		Other		608,253
Interest Receivable	930	216		TOTAL EXPENSES		674,918
Total Current Assets	3,080	1,430		Operating Income		6,259
				Interest INcome		36
Property, Plant, and Equiptment	48,598	311,456		Interest Expense		(732)
Less Accumulated Depreciation	21,282	37,664		Capital gain (Loss) on disposal of PP&E		643
Property, Plant, and Equiptment, net	27,316	273,792		Net income before taxes		6,206
TOTAL ASSETS	30,396	275,222		Income Tax Expense		1,405
LIABILITIES				Net INcome		4,801
Current Liabilities
Notes PAyable	9,868	8,409
Accounts Payable	321	828
Accured Liabilities	19	406
Accured Interest	213	732
Income Taxes Payble	12	755
Current Portion of Long Term Debt	171	397
Total Current Liabilites	10,604	11,527
Long Term Liabilities
Long term debt, net of current protion	2,052	250,525
TOTAL LIABILITIES	12,656	262,052
STOCKHOLDERS EQUITY
Common Stock	78	163
Additional Paid in Captial	339	709
Retained Earnings	17,323	12,298
Total Stockholders Equity	17,740	13,170
Total Liabilities and Stockholders Equity	30,396	275,222

Proceeds from the sale of capital assets for 2020 are $16,000

A. Prepare the Cash Flow Statement for Year Ending December 31, 2020

B. Prepare the Reconciliation of net income to net cash flow from operations balances to net cash flow from operations in the basic statement

C. Calculate the purchases of fixed assets