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Given below is selected information of Bothell Corporation along with additional data. Prepare a cash flow statement for 2020 using the indirect method. December 31

Given below is selected information of Bothell Corporation along with additional data. Prepare a cash flow statement for 2020 using the indirect method.

December 31

2019 2020

Cash.......................................................... $42,000 $75,000

Accounts receivable (net)......................... 84,000 144,200

Inventory.................................................. 168,000 201,600

Land.......................................................... 58,800 16,000

Equipment................................................. 504,000 789,600

Accumulated depreciation....................... 84,000 115,600

Accounts payable....................................... 50,400 86,000

Notes payable - Short-term...................... 67,200 29,400

Notes payable - Long-term......................168,000 302,400

Common stock........................................... 420,000 487,200

Additional data for 2020:

Net income was $240,200.

Land was sold for a loss of $2,000.

Dividends of $101,600 were paid.

Equipment was purchased for $84,000 cash.

A long-term note for $201,600 was used to pay for an equipment purchase.

Common stock was issued to pay a $67,200 long-term note payable.

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