need to complete the indirect method of statement of cash flows. please show caluclations as much as possibel

Previous Page Next Page Page 9 of 11 Question 20 (90 points) 2018 $ 800,000 Blooms, Corp. Balance Sheet December 31, 2019 and 2018 2019 Assets Cash $ 67,800 Accounts receivable, net 110,000 Inventory 170,500 Prepaid expenses 32,400 Equipment 258,000 Accumulated depreciation - Equipment (58,300) Total assets $ 580,400 $ 56,900 122,600 180.000 6,000 203,950 (49,600) $519,850 10,900 (12,600) (9.500) 26,400 $4,050 8,700 Blooms Corp Income Statement December 31, 2019 Sales Less: Cost of goods sold S 415,000 Depreciation expense 55,000 Other operating expenses 112,000 Interest expense 4,000 | Loss on sale of equipment 21,500 || Income tax expense 58,750 Net income 666,250 $ 133,750 Liabilities and Equity Accounts payable Wages payable Income taxes payable Dividends payable Note payable (long-term) Common stock, Si par value Paid-in-capital in excess of par, common Retained earnings Total liabilities and stockholders' equity 110,100 15,800 25,000 12,000 41,300 67,200 264,000 45,000 S580,400 $114,200 20,550 22,300 15,000 26,000 60,000 254,400 7,400 $519,850 (4.100) (4,750) 2,700 (3.000) 15,300 7,200 9,600 37,600 Additional information: a) The change in the note payable account resulted from the borrowing of additional cash b) New equipment is acquired for $200,000 cash c) Equipment is sold for cash. d) Accounts payable relates to inventory. e) The changes in the stock accounts result from cash transactions Prepare the entire statement of cash flows, using the indirect method for the operating