Salrose Software Inc. has assembled the following data for the year ended December 31, 2020 . (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement Prepare Salrose Software Inc.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of non-cash investing and financing activities. How much of the cash used for investing activities was provided by operations? Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections. Finally, determine the net increase (decrease) in cash. (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows.) Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Increase in income tax payable Decrease in accrued liabilities Subtotal Net cash provided by operating activities Cash flows from investihg activities: Purchase of building Purchase of long-term investment Proceeds from sale of equipment Collection of Ioan Net cash used for investing activities Cash flows from financing activities: Issuance of common shares Issuance of long-term note payable Payment of cash dividends Repurchase of common shares Net cash provided by financing activities Net increase (decrease) in cash Cash balance, December 31, 2019 Cash balance, December 31, 2020 Non-cash investing and financing activities: Acquisition of land by issuing long-term note payable Repayment of bonds payable by issuing common shares Total non-cash investing and financing activities Current accounts Transaction Data for 2020 Acquisition of land by issuing long-term note payable Stock dividends Collection of Ioan Depreciation expense. Purchase of building Repayment of bonds payable by issuing common shares Purchase of long-term investment. Repurchase of common shares Loss on sale of equipment Payment of cash dividends Issuance of long-term note payable to borrow cash Net income. Issuance of common shares for cash Proceeds from sale of equipment. 31,800 10,200 23,000 67,000 69,000 44,600 14,200 9,000 18,900 35,000 25,000 36,700 58,400 Print Done