Please use this data this answer the question below

Question

Please use the following information to answer Questions 13-23, regarding XYZ Corporation: Balance Sheet | as of 12/31/2019 Accounts Payable $5,000 Accounts Receivable $20,000 Cash $10,000 Net Fixed Assets $40,000 Patent $10,000 Prepaid Expenses $2,000 Total Debt $6,000 $2,000 of which is payable within 12 months Balance Sheet | as of 12/31/2020 Accounts Payable $7,500 Accounts Receivable $15,000 Cash $43,000 Net Fixed Assets $43,000 Patent $8,000 Prepaid Expenses $2,500 Total Debt $15,000 $2,000 of which is payable within 12 months . 2020 Income Statement Cost of Sales (COGS) $70,000 Depreciation $10,000 Interest Paid $2,500 Operating Expenses (Excluding Depreciation) Sales $150,000 $47,500 Outstanding Shares of XYZ Corporation | 5000 Assuming the XYZ Corporation income statement is an ACCRUJAL statement, and is ans Corporation that does not pay taxes please set up a statement of cash flows for 2020. Please note these other activities in 2020 that affected cash: . Borrowed $15,000 for new equipment Repaid all of the $6,000 of outstanding debt at end of 2019 Sold $2,000 ot old equipment Net Income before tans was $20,000 Actual Earrings Before Taxes (EBT) Ardustments to Reconcile Net Income to Net Cushi Praviched try Operating Attivities to mount first fur Depreciation and then thanges in A/R. A/P and Prepaid Experte! Decrease (Increase from 2019 in: Deras ( IRR) in P Paid Expense Increase Decree from 2010 in: Nct Cash Provided by Operating Acties Cash From Trust Activities Acquisition of New Property and Equipment Sale of Assets Net Cash Used In Investing Activities Cash from Financing Activities Net Cash (Used In Financing Activities Net Cash Provided by Al Activities Beginning Cash Balance lend of 2019. from pdf handout) Ending balance should match w/ balance sheet