Whispering Ski Haus had the following statements prepared as of December 31, 2020.

WHISPERING SKI HAUS COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019
		12/31/20		12/31/19
Cash		$2,400		$4,000
Accounts receivable		104,000		97,000
Short-term debt investments (available-for-sale)		94,000		120,000
Inventories		90,000		53,000
Prepaid insurance		4,000		6,000
Ski equipment		91,000		42,000
Accumulated depreciationequipment		(24,000)		(18,500)
Trademarks		77,000		84,000
Total assets		$438,400		$387,500
Accounts payable		$93,600		$75,000
Income taxes payable		21,400		16,000
Wages payable		4,000		9,000
Short-term loans payable		23,800		0
Long-term loans payable		77,000		130,000
Common stock, $1 par		100,000		100,000
Additional paid-in capital		20,000		20,000
Retained earnings		98,600		37,500
Total liabilities & stockholders equity		$438,400		$387,500

WHISPERING SKI HAUS INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020
Sales				$541,300
Cost of goods sold				302,000
Gross profit				239,300
Operating expenses				92,000
Operating income				147,300
Interest expense		$20,300
Loss on sale of equipment		4,000		24,300
Income before tax				123,000
Income tax expense				40,900
Net income				$82,100

Additional information:

1.		Dividends in the amount of $21,000 were declared and paid during 2020.
2.		Depreciation expense and amortization expense are included in operating expenses.
3.		Equipment that had a cost of $24,700 and was 20% depreciated was sold during 2020.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

WHISPERING SKI HAUS Statement of Cash Flows choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020