Larkspur, Inc. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2020 Cash flows from operating activities Net income $57,500 $8,900 8,300 (4,900) 3,600 (2.500) 13,400 70.900 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Loss on disposal of plant assets Increase in inventory Decrease in accounts receivable Decrease in accounts payable Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities 3,200 (28,400) (25,200) 19,200 (10,300) (17.300) (8,400) Net increase in cash 37,300 MacBook Pro esc Q Search or type URL @ $ 2 2 3 % 5 4 & 7 6 8 3,200 (28,400) (25,200) 19.200 Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year (10,300) (17.300) (8.400) 37,300 13,000 $50,300 (a) Compute free cash flow for Larkspur, Inc.. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Free cash flow $ Save for Later