Kingbird Ski Haus had the following statements prepared as of December 31, 2020.

KINGBIRD SKI HAUS COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019
		12/31/20		12/31/19
Cash		$2,500		$4,000
Accounts receivable		102,000		98,000
Short-term debt investments (available-for-sale)		98,000		121,000
Inventories		92,000		48,000
Prepaid insurance		4,000		6,100
Ski equipment		88,000		44,000
Accumulated depreciationequipment		(23,500)		(18,000)
Trademarks		78,000		85,000
Total assets		$441,000		$388,100
Accounts payable		$93,500		$72,000
Income taxes payable		21,600		15,000
Wages payable		4,000		9,000
Short-term loans payable		23,500		0
Long-term loans payable		76,200		124,000
Common stock, $1 par		100,000		100,000
Additional paid-in capital		20,000		20,000
Retained earnings		102,200		48,100
Total liabilities & stockholders equity		$441,000		$388,100

KINGBIRD SKI HAUS INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020
Sales				$538,700
Cost of goods sold				306,000
Gross profit				232,700
Operating expenses				93,000
Operating income				139,700
Interest expense		$20,400
Loss on sale of equipment		4,000		24,400
Income before tax				115,300
Income tax expense				41,200
Net income				$74,100

Additional information:

1.		Dividends in the amount of $20,000 were declared and paid during 2020.
2.		Depreciation expense and amortization expense are included in operating expenses.
3.		Equipment that had a cost of $24,800 and was 20% depreciated was sold during 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

KINGBIRD SKI HAUS Statement of Cash Flows (?)

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