Question 6 (16 marks) (29 minutes) The following financial statements and information relate to White Inc. Assets Cash Accounts receivable Inventory Prepaid rent Property, plant and equipment Accumulated depreciation Liabilities and equity Accounts payable Salaries payable Bank loan payable Common stock Retained earnings WHITE INC. Balance Sheet December 31 20x2 20x1 $9,000 $11,000 50,000 42,700. 15,000 21,000 2,500 950,000 (270,000) $ 756,500 $ 22,900 1,600 66,000. 2,300 920,000 (225,000) $ 772,000 $ 25,100 1,180 146,000 80,000 519,720 130,000 536,000 $ 756,500 $ 772,000 Sales Cost of goods sold Other expenses Salary expense Depreciation expense Interest expense Loss on sale of equipment Net income Additional information WHITE INC. Income Statement year ended December 31, 20x2 The company sold equipment with an original cost of $20,000. The bank loan payable balance at Dec 31, 20x1 is due on Dec 31, 20x7. Required $ 600,000 (195,000) (182,370) (90,000) (60,000) (3,350) (3,000) $ 66,280 Prepare a statement of cash flow for the year ended December 31, 20x2. Show your supporting calculations.