please do it correctly

Smithson Software Inc. has assembled the following data for the year ended December 31 , 2020. (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement Prepare Smithson Software Inc.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of non-cash investing and financing activities. How much ofthe cash used for investing activities was provided by operations? Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections Finally, determine the net increase (decrease) in cash. (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows.) Smithson Software Inc. Statement of Cash Flows For the Year Ended December 31 , Cash flows from operating activities: Net income 2020 Current accounts Current Accounts: Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities print December 31 , Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Loss on sale of equipment Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Increase in income tax payable Decrease in accrued liabilities Subtotal Net cash provided by operating activities Cash flows from investing activities Purchase of building Purchase of long-term investment Proceeds from sale of equipment Collection of loan Net cash used for investing activities Cash flows from financing activities: Issuance of common shares Issuance of long-term note payable Payment of cash dividends Repurchase of common shares Net cash provided by financing activities Net increase (decrease) in cash Cash balance, December 31, 2019 Cash balance, December 31 , 2020 Non-cash investing and financing activities: Acquisition of land by issuing long-term note payable Repayment of bonds payable by issuing common shares Total non-cash investing and financing activities How much of the cash used for investing activities was provided by operations? Operations provided of the cash used in the investing activities. 2020 61,800 s 70,000 88,500 3,300 57,400 18,300 15,200 Done 2019 25,000 64,700 82,000 1 ,900 55,800 16,600 27,500 Transaction data Transaction Data for 2020 Acquisition of land by issuing long-term note payable .. .... Stock dividends Collection of loan.... ..... ..... ............... Depreciation expense Purchase of building Repayment of bonds payable by issuing common shares ..... Purchase of long-term investment. Repurchase of common shares Loss on sale of equipment. . Payment of cash dividends. Issuance of long-term note payable to borrow cash . Net income.... Issuance of common shares for cash . Proceeds from sale of equipment.. print 101,000 31,800 10,800 21,000 62,000 61,000 44, 700 14,900 3,500 18,200 34, 600 32,000 38,000 581900 Done