Using the information below and the template on the next tab, prepare a statement of cash flows (indirect method). Also using the template on the next tab, compute free cash flow.

Directions: A) Uning the information below and the template on the next tab, prepare a statement of cash flows (indirect method) B) Also using the template on the next tab, compute free cash flow. C) Respond to the analysis question at the bottom of the template using the information prepared in A) and B). Helpful tip: If you need a refresher on how to complete this project, watch M2 Part 2 Example from Profesor, your M2 Discussion Recording from Alains, and review your M2 post-assignment Cash, Bucks & Dough, Co. Comparative Balance Sheet December 31 Cash, Bucks & Dough, Co. Income Statement For the Year ended December 31, 2020 2020 2019 Assets Cash Accounts Receivable Inventory Property, plant & equipment, net Total Assets $6.200 7,200 30,000 211,500 $254.900 $4,300 7,500 35,300 215,300 $262,400 Sales revenge Cost of goods sold Gross profit Operating expenses Income from before gain and taxes Gain on sale of machinery Income tax expense Net income $128,300 69,800 58,500 46,900 11,600 1,600 800 $12,400 Liabilities and Stockholders' Equity Accounts payable Accrued wages payable Accued utilities payable Bonds payable Total liabilities Common stock Retained camings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $1,600 2,100 2,500 62,000 68,200 125,000 61,700 186,700 $254,900 $7,000 2,200 2,600 62,000 73,800 115,000 73,600 188,600 $262,400 Additional data: 1. Depreciation expenscof $2,500 is included in the Operating Expenses on the Income Statement 2 Machinery with an original cost of $24,000 was sold for $21,000. The gain on sale was $1,600, 3. On June 1, 2020, the company purchased more land for cash at a cost of $18,100. 4. The company paid $24,300 in cash dividends for the year. A) 2 Cash, Baclos & Dough, Co. Statement of Cash Flows For the year endel December 31, 2020 Cash Pows from Operating Activities Income Hefon T In order to get full points for this project 18 Rees in blue should accurately reflect financial content worth1 point cach als in een on the template should wie folworthpointech Cells in yellow show the proper format and order of the street worth 1 point cach Calin oranyepesvides to response to the analysis questio 35 Total Points available 13.200 5 los Gain on Sale of Machinery Addi Depreciation Cathlows before Working Capital Changes Decrease in Accounts Receivable Decrease in loventory Decrease in Accounts Payable Domein Wages Payable Gahlow from Operating Activities 1.800 2.500 H100 300 5.300 5.400 14,100 13.200 Cashflows from Investing Activities Sale of Machinery Purchase of land Cashflows from Investing Activities 21.00 (18,100 2.900 10.000 (24,3002 Cahtlow from Financing Activities Luc of Common Stock Dividend Paid Cashflow from Financing Activities Net Cashflow Add Beginning Cash Balance Ending Cash Balance (14.00 1.900 4,100 6.200 $ 13.100 B) Free Cash Flow Cashflows from Operating Activities Les Purchase of land Free Cashdows $ 18.100 4.800