The company was established in 1 January 20X5, the owner's capital consisted of cash contribution 250000$, and PPE (2 buildingsx25000$ and 1 warehousex15000) 65000$. We bought necessary equipment (computers 5000$ and a car 8000$). The company hired employees with monthly salary 18000$ including taxes and social payments. There was made a prepayment in the amount of 12000$ for 6 month rent in advance. Bought office supplies from Pen&Co for 6000$, 500$ by cash the rest amount on account. During a week company purchased goods amounting 80000$, plus freight in 4000$. Prior to payment there was found out some inappropriateness, and our company claimed for allowance 10000$. Allowance was accepted and the supplier offered a 10% discount in case the company paid by cash in 5 days. Our company doesnt pay within discounted period. 3 days later company concludes a contract for providing services amounting 12000$ for 1 year. We claimed the prepayment for the full amount and received it. Within a week we make sales 110000$. The customer pays 60000$ by cash for the rest amount writes out a note receivable by 10% annual for the delivered goods. We think that the amount of 500$ will not be collected anyway. Depreciation expenses for the end of the month for buildings were 2000$, for computers 200$, for warehouse 300$ and for car 500$. Company decided to scrap computers amounting 1000 as they became useless. At the end of the month company paid immediately for utility expenses 300$, paid 30% of trade payables. Rent for the current month is recognized, the revenue for contract is recognized for current month, interest income is accrued. 100$ of office supplies were used. Salaries are paid at the end of the month. Ending inventory 3000.

Required: Prepare Cash flow statement using Indirect method