NI+D+L-G Saffordville Co. Cash Flow Statement (Inderect Method) Current Assets Increase Current Assets Decrease Decrease Increase Need Help Completing the Cash Flow of Statement Assets Cash A/R Inventory Investments Equipment Accumulated Derp.-Equipment Total Liabilities and Stockholders' Equity 2020 77,700 60,800 126,900 79,500 315,000 (44,500) 615,400 2019 33,400 447,000 92,650 107,000 205,000 (40,000) 845,050 112,660 Current Liabilities Increase Increase Current Liabilities Decrease Decrease Cah flows from operating activities Net Income Add: Decrease in Accounts Receivables Increase in A/P A/P 48,280 18,830 Accrued Expense Payable Note Payable Bonds Payable Common Stock Retained Earnings Total 58,400 15,100 100,000 19,300 250,000 172,600 615,400 Deduct: Increase in Inventory Decrease in Accrued Expense Payable 70,000 200,000 107,940 445,050 Additional information: Net cahs flows from operating activities Cahs flows from investing activities: Add: 1. New equipment costing $146,000 was purchased by paying cash of 46,000 and issuing a note payable for 100,000 cash during the year. 2 Investments were sold at a gain of 12,000. 3 Equipment costing $36,000 was sold for $8,000, resulting in a loss of $2,000. 4 A cash dividend of $48,000 was declared and paid during the year. 5 Bonds payable were retired during the period. Deduct: Net cash flows from financing activities Increase/(decrease in cash) Cahs, beginning of the year Cash, end of the year 44,300 33,400 77,700