Q2) GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD (20 MARKS) CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID EXPENCES LONG TERM INVESTEMENTS LAND BUILDUNG AND EQUIPMENT ACCUMULATED DEPRECIATION 2020 $30,000 410,000 300,000 20,000 50,000 560,000 1,850,000 -800,000 2019 $50,000 460,000 320,000 15000 25,000 300,000 1,870,000 -740,000 $2,420,000 $2,300,000 ACCOUNTS PAYABLE ACCRUED LAIBILITIES (CURRENT LIABILITIES) $300,000 40,000 $120,000 50,000 BONDS PAYABLE LONG TERM NNIOTE PAYABLE COMMON STOCK,$2 PAR VALUE PAID IN CAPITAL IN EXCESS OF PAR VALUE RETAINED EARNINGS 500,000 0 200,000 710,000 670,000 800,000 0 160,000 550,000 620,000 $2,420,000 $2,300,000 ADDITIONAL INFORMATION ABOUT 2020 NET INCOME 110,000