The last three pictures are just to show what the different drop down options are

Sweetwater's Pasta has the following financial statements: Sweetwater's Pasta Balance Sheets As of December 31, 2019, and 2020 2020 2019 Assets $282,638 121,680 89,590 213,887 76,458 (15,057 ) $769,196 $270,910 119,340 99,976 197,419 52,137 (12,257 ) $727,525 Cash Accounts receivable Inventory Prepaid expenses Plant and equipment Accumulated depreciation Total assets Liabilities and Equity Accounts payable Accrued wages Long-term notes payable Common stock Retained earnings Total liabilities and equity $277,309 33,197 152,520 70,850 235,320 $769,196 $285,911 29,860 161,144 70,850 179,760 $727,525 Sweetwater's Pasta Income Statement For the Year Ended December 31, 2020 Sales $ 455.000 Less: Cost of goods sold (177,450) Gross margin 277,550 Less operating expenses Wages and salaries expense $182,000 Advertising expense 18,200 Misc. operating expenses 13.650 Depreciation expense 2.800 (216,650) Net income (loss) $ 60,900 At the end of 2020, Sweetwater purchased additional equipment for $24,321. Sweetwater paid dividends of $5,340 during the year. Prepare a statement of cash flows for 2020 using the direct method. Assume that advertising is paid in cash. (Show amounts in the investing and financing sections that decrease cash flow with either a sign eg. -15,000 or in parenthesis eg. (15,000)) Sweetwater's Pasta Statement of Cash Flows-Direct Method Sweetwater's Pasta Statement of Cash Flows-Direct Method