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Prepare a Statement of Cash Flows using the indirect method for the year ended 2020. The ending cash as shown on the statement of cash

Prepare a Statement of Cash Flows using the indirect method for the year ended 2020. The ending cash as shown on the statement of cash flows will be the same as the cash reported on the Balance Sheet.

Your Name, Inc.
Adjusted Trial Balance
31-Dec-20
DEBITS CREDITS
Cash 35,100
Marketable Securities 1,000
Accounts Rec. 150,000
Allowance for Bad Debt 5,500
Inventory 3,000
Prepaid Insurance 7,500
Land 30,000
Building 150,000
Accumulated Dep. - Building 50,000
Equipment 120,000
Accumulated Dep. - Equipment 43,000
Accounts Payable 12,000
Salaries Payable 1,100
Unearned Revenue 0
Interest Payable 1,120
Income Taxes Payable 9,136
Note Payable 56,000
Bonds 100,000
Common Stock 60,000
Additional Pd-in-Capital 100,000
Retained Earnings 22,000
Sales 330,000
Cost of Goods Sold 198,000
Bad Debt Expense 7,500
Depreciation Expense - Equipment 23,000
Depreciation Exp. - Build. 5,000
Salaries Expense 26,400
Gain 200
Interest Expense 1,120
Bond Interest Expense 10,000
Insurance Expense 15,500
Treasury Stock 2,800
Dividends 3,000
Revenue 2,000
Income Tax Expense 9,136
795,056 795,056

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