Vintage Automobiles of Orangeville Lid was formed on January 1, 2020, when Vintage Issued common shares for $300,000 Ely Jam 2020 Vintage made the low cash (Click the icon to view the transactions Requirements Total assets Transactions 390,007 Totabilit Requirement 3. Prepare Vintage's statement of cash flows for the year ended Dece and for a net decrease in cash. Enter or for zero balances.) Vintage Motors, Inc. Statement of Cash Flows (Direct Method) For the Year Ended December 31, 2020 Cash flows from operating activities: a $150 000 for equipment b. $120,000 for inventory cours $30,000 each c. 520,000 for 2020 rent on a store building in February 2020, Vintage purchased cars for inventory on account Cost of this inventory was $280,000 (543,333.33 coch) Before you end, Vintage pod $200,000 of this debt Vintage uses the FIFO method to account to inventory During 2020, Vintage sold oightautos for a fotal of $50.000 sofore year and Vintage collected 80 percent of this amount the business employ three people The combined annual payrolis $95.000, of which Vintage owes S4000 at year end. At the end of the year Vintage paid income tax of 1000 Lei 2020, Vintage declared and paid cash dividends of 511000 For equipment Vintage uses the straight line depreciation method, over five years with residual value Cash payments Print Done Total cash payments Net cash provided by used for politis Choose from any list or enter any number in the input fields and then click Check