PLEASE HELP ASAP!

Use INDIRECT method.

Statement of Cash Flows

LazyDaz, Inc. reported the following for its 2020 financial statements. Balance Sheet Dec 31, 2020 1,256 78 Dec 31, 2019 782 Difference 474 Cash Accounts Receivable Allow for Doubtful Accounts (3) 96 Inventory PP&E (123) 516 Land 63 5,127 2,496 (942) 18 8,090 5,250 1,980 (900) (42) Accumulated Depreciation Patent Total Assets 24 7,277 111 21 30 33 74 (15) Accounts Payable Wages Payable Unearned Revenue Interest Payable Income Tax Payable Notes Payable Bonds Payable Common Stock Retained Earnings Total Liabilities & Equity 9 225 2,349 0 2,250 2,250 3,450 1.371 7,277 225 99 276 3,726 1.539 168 8,090 Income Statement For the Year Ending Dec 31, 2020 3,750 (1.944) 1,806 Sales Cost of Goods Sold Gross Profit Operating Expenses Wage Expense Bad Debt Expense Depreciation Expense Amortization Expense Utilities Expense Other Operating Expenses Income From Operations (450) (3) (342) (156) (471) (1.428) 378 Other (15) (60) 165 Interest Expense Gain (Loss) on Sale of Land Gain (Loss) on Sale of PP&E Income before Tax Expense Income Tax Expense Net Income 468 (204) 264 The financial notes of LazyDaz disclose the following 2020 information: (1) Property, plant and equipment was sold for cash. The PP&E had an original cost of $1.200 and accumulated depreciation of $300. (2) Stock was issued for $360 cash. (3) Bonds of $90 were retired. (4) Land with a cost of $420 was sold. (5) There were two major noncash transactions. PP&E was acquired by issuing a $225 long-term note. Later in the year, PP&E was acquired by issuing $300 in common stock. (6) All other transactions were cash transactions