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QUESTION 3 Following are the comparative Balance Sheets of Tighten Your Belt Company for 2019 and 2020. The Income Statement reported net loss of
QUESTION 3 Following are the comparative Balance Sheets of Tighten Your Belt Company for 2019 and 2020. The Income Statement reported net loss of $25 $8 loss on sale. During the year, Tighten defended patents for cash and issued common stock at par value for cash (Chang Cask 12/31/20 $ 35 13/11/19 5 31 +4 increase Trade receivables 90 -2 dece Inventories 13 12 +1 increase Patte 47 40 +7 Accumulated Amortization (16) (3) increas Total $147 $165 +2 Accounts payable 5 22 3 25 -3 decrease Bonds payable 30 50 change Common stock 70 40 30 inch Rainal carmings 45 29 25 decre Tutal abilities and 5.162 $165 Sky Compute the following items using the indirect method. Indicate if it is cash used or provided and the amounts you have combined for the answers Cash flows from operating activities 1. 1. Cash flows from investing activities 3. Cash flows from financing activities TTT Anal #3120
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