prepare statement of cashflows

20 ERC Standard Collision Repair Company ("SCRC) has lucrative contracts with a variety of insurance carriers & is hired to repair automobiles after traffic accidents. All sales are made on account and all purchases of Shop Supplies are made an account from a single vendor, Midwest Auto Supply Company (MASC). SCRC provides you with the following trial balances (post-closing as of 12/31/2018 & adjusted as of 12/31/2019) As of 12/31/2018 As of 12/31/2019 AC AC Description Debit Credit Debit Credit 100 Cash $26,120 $23.950 105 Accounts Receivable 49,000 50,000 110 Shop Supplies 8.500 5.800 115 Office Supplies 1,500 2,300 120 Prepaid Advertising 4,500 5.000 125 Prepaid Insurance 3,250 3.300 160 Warehouse 140,000 140,000 165 Equipment 126,000 127.200 180 Accumulated Depreciation 563,840 $84,070 183 Land 35.000 200 Accounts Payable-MASC 3,500 4,000 205 Dividends Payable 7.500 5.500 210 Rent Payable 2.800 3200 215 Salaries Payable 4.800 5200 220 Utilities Payable 1.100 1.350 225 Interest Payable 330 260 Note Payable 85.000 68.950 300 Common Stock 140.000 160.000 325 Retained Earings 50,000 50.000 330 Dividends 400 Collision Repair Revenue 405 Gain on fixed asset disposal 500 Advertising Expense 505 Depreciation Expense 510 Insurance Expense 515 Interest Expense 520 Miscellaneous Expense 525 Office Supplies Expense 530 Rent Expense 535 Salaries Expense 370.000 540 Shop Supplies Expense 46.700 545 Utilities Expense 17.900 53588205358.870 5988.3SO 59983 SQ Additional Information 1. Debes and Mike Allen (the owner of SCRC) are hoping to retire in the west decade. They have s e en employee of many years to purchase the company. Sam made a capital.com 20.000 dari the theme ended 12/31/2019 2 SCRC wervices we is great demand and Sam, Mike and Debes believe es s e r e che ended 12/31/2019 they purchased aparel of land in a nighboring c i ty of another facility 3. During the twelve months ended 12/31/2019, SCRC had the lin e s in the company paid 59,200 for new equipecat dilon June 30, SCRC soda lece of 4. The Note Payable 260) is long term. There were now brown during the che e ded 12/31/2019. 615.000 25 Additional Information: 1. Debra and Mike Allen (the owners of SCRC) are hoping to retire in the next decade. They have invited Sam Flores a valued employee of many years to purchase the company. Sam made a capital contribution of $20,000 during the twelve months ended 12/31/2019. 2. SCRC services are in great demand and Sam, Mike and Debra believe expansion makes sense. During the twelve months ended 12/31/2019 they purchased a parcel of land in a neighboring community with hopes of using it as a building site for another facility. 3. During the twelve months ended 12/31/2019, SCRC had the following two events in the equipment account: i. on 7/1" the company paid $9.200 for new equipment and ii. on June 30, SCRC sold a single piece of equipment new borrowings taken out during the twelve months ended 12/31/2019