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WALA 1. Prepare a Cashflow statement using the information below indirect method) 202 0 201 9 2019 2020 Current aanets: Cash Accounts receivable Inventories Prepaid
WALA 1. Prepare a Cashflow statement using the information below indirect method) 202 0 201 9 2019 2020 Current aanets: Cash Accounts receivable Inventories Prepaid expenses 534 80 $29,100 0 70,100 73,700 90,600 46,500 3,200 2,100 Current liabilities: Accounts payable Income tax payable Accrued liabilities 71,000 5,900 28,300 67,500 5,800 23,200 Transaction Data for 2020: Payment of cash dividends Issuance of long term note for cash Net Income Issuance of preferred shares for cash Sale of long-term investment Depreciation expense Payment of long term note payable $43,300 Stock dividends 71,000 Collection of loan 31,000 Purchase of equipment 36,200 Pay note payable by issuing shares 12,200 Purchase of long-term investment 30,300 Acquisition of building by issuing Note Payable 47,800 Gain on sale of investment $12,500 10,300 69,000 89,000 44,800 201 000 3,500
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