Required: Prepare a statement of cash flows for Juko Company for the year ended March 31, 2020 using the indirect method.

Given below are comparative financial statements and additional information of the following trading firm: Juko Company Comparative Balance Sheets As at 31 March 2020 $75,030 2019 $49,740 Cash Accounts receivable 101,950 99,070 Prepaid Insurance Plant assets Accumulated depreciation Total 36,000 425,000 (175,030) $462,950 16,000 390,000 (110,500) $444,310 Accounts payable $33,500 $70,100 Unearned Revenue Bonds Payable Common stock Retained earnings Total 62,400 100,000 100,000 167,050 $462,950 72,110 100,000 50,000 152,100 $444,310 Additional Information 1. 2. 3. 4. The sales revenue for the year was $609,000 while the cost of goods sold, operating expenses and non-operating items amounted to $562,400. Cash dividends were paid during the year. The only changes to Retained Earnings during the year were Net Income and Dividends. New equipment was acquired for $68,000 cash. Received cash for the sale of equipment that had accumulated depreciation of $22,600. The gain on disposal was $3,300. Common stock was issued for cash. 5