Use the income statement of Best Consulting Ltd, plus these additional data during fiscal year 2020: (Click the icon to view the Income Statement.) (Click the icon to view the additional data.) Required 1. Prepare Best Consulting Lid's cash flow statement for the year ended September 30, 2020, using the indirect method. 2. Evaluate Best Consulting Lid's cash flows for the year. In your evaluation, mention all three categories of cash flows, and give the reason for your evaluation Requirement 1. Prepare Best Consulting Ltd.'s cash flow statement for the year end More Info - for Data Table Best Consulting Ltd Income Statement For the Year Ended September 30, 2020 Revenues Consulting revenue $ 564,000 Expenses Salaries experte $ 304,000 Amortization expense 74.000 Rent expense 24,000 Office supplies expense 18.000 Insurance expense 5,500 interest expense 6.000 Income tax expense 38,000 469,500 S Net income M.500 MIRI Additional data a. Acquisition of computer equipment was $234,000. Or this amount, $194,000 was paid in cash and $40,000 by signing a long-term note payable. Bost Consulting Lid, sold no computer equipment during fiscal year 2020 b. Cash received from sale of land, $25,000. c. Cash receipts from issuance of common shares. $100,000 d. Payment of long-term note payable, $54,000 e. Payment of dividends, $130,000 f. Change in cash balance. S? 9. From the comparative balance sheet at September 30: Best Consulting Ltd. Balance Sheet (partial) September 30, 2020 and 2019 2020 2019 Current assets Cash $ 74,500 $ 46,000 Accounts receivable 38.000 152.000 Office supplies 25,000 21,000 Prepaid expenses 26.000 20.000 Current abilities Accounts payable $ 86.000 $ 75,000 Accrued liabates 56,000 63.000 Print Done Type here to search