Sunny Technologies Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information Sunny Technologies Inc Income Statement For Year Ended December 31, 2020 Revenues Sa $ 827,500 Cost of goods sold 483,500 Gross Profit 144,000 Expenses and other Other expenses 155,500 Depreciation expense 25 000 Total operating expenses 181400 Operating Prott (L03) 137/400) Loss on sales of plant assets 21,100 Profit (Loss) 5 (58,500) Sunny Technologies in Post Closing Trial balance Anand Cash Receivables Merchandise inventory Property, plant and equipment Accumulated depreciation Accounts payable Accrued bites Motos payat Common shares Huned sig December 31 2020 2019 $ 63,000 $ 78,630 42.200 30.700 27.500 35,500 230,700 100 430 64 300 53 100 50.440 62400 11 500 6.700 7630 40.000 40.630 8.000 19 900 163 200 Other information regarding Bunny and its activities during 2020 1. Assume accounts have normal balances 2. Cash dividends were declared and paid during the year 3. Plants were sold during the year 4. Plants worth 300.000 were purchased during the yout by paying castly of 532.300 and sing along.com note payable for the balance Required: information provided prepare a statement of cash flow applying the indirect method for the year anded December 31 2020 Listany deduction in cash and cash outflow Sunny Technologies Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information Sunny Technologies Inc Income Statement For Year Ended December 31, 2020 Revenues Sa $ 827,500 Cost of goods sold 483,500 Gross Profit 144,000 Expenses and other Other expenses 155,500 Depreciation expense 25 000 Total operating expenses 181400 Operating Prott (L03) 137/400) Loss on sales of plant assets 21,100 Profit (Loss) 5 (58,500) Sunny Technologies in Post Closing Trial balance Anand Cash Receivables Merchandise inventory Property, plant and equipment Accumulated depreciation Accounts payable Accrued bites Motos payat Common shares Huned sig December 31 2020 2019 $ 63,000 $ 78,630 42.200 30.700 27.500 35,500 230,700 100 430 64 300 53 100 50.440 62400 11 500 6.700 7630 40.000 40.630 8.000 19 900 163 200 Other information regarding Bunny and its activities during 2020 1. Assume accounts have normal balances 2. Cash dividends were declared and paid during the year 3. Plants were sold during the year 4. Plants worth 300.000 were purchased during the yout by paying castly of 532.300 and sing along.com note payable for the balance Required: information provided prepare a statement of cash flow applying the indirect method for the year anded December 31 2020 Listany deduction in cash and cash outflow
