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how do I do this? The accounts below appear in the ledger of Swifty Company Retained Earnings Dr. Cr. Bal. Jan 1, 2020 Credit Balance
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The accounts below appear in the ledger of Swifty Company Retained Earnings Dr. Cr. Bal. Jan 1, 2020 Credit Balance $42,300 Aug. 15 Dividends (cash) $15.000 27,300 Dec 31 Net Income for 2020 $39,800 67,100 Equipment Dr. Cr. Bal. Jan. 1, 2020 Debit Balance $141,100 Aug. 3 Purchase of Equipment $61.800 202,900 Sept. 10 Cost of Equipment Constructed 47,600 250.500 Nov. 15 Equipment Sold $56,300 194,200 Accumulated Depreciation Equipment Dr. Cr. Bal. Jan. 1, 2020 Credit Balance $83,300 Apr. 8 Major Repairs $21.100 62.200 Nov. 15 Accum. Depreciation on Equipment Sold 25.400 36.800 Dec 31 Depreciation for 2020 $16,700 53,500 From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on sale of equipment (November 15) was $5.800. (Show amounts that decrease cash flow with either a-sign e.g. - 15,000 or in parenthesis eg. (15,000)) SWIFTY COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating actitles Net Income $ Adjustments to reconcile net income to Net Cash Used by Operating Activities Depredation Expense $ Loss on Sale of Equipment Cash Flows from Operating Activities Cash Flows from Operating Activities Purchase of Equipment Cost of Equipment Constructed Sale of Equipment Gain on Sale of Edulomert Cash Flows from Oberating Actitles V Ersh Flows from resting ALLES ment of cash pludlends V U Net can provided byoderating Actueles Cash Flows from Operator AdM Xo V Tuet can provided by opereelne del Mele: SAXON
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