XYZ Corporation Adjusted Trial Balance XYZ Corporation began operations on January 1, 2018. Its adjusted trial balance at December 31, 2019 and 2020 is shown below. Other information regarding XYZ Corporation and its activities during 2020 follow in (a) through (e) : Account a. Assume all accounts have normal balances. b. Equipment was sold for cash of $12,300. c. Old machinery was sold for cash of $29,100. New machinery was purchased for $45,000 cash. d. Common stock was issued for cash. e. Cash dividends of $58,000 were declared and paid. Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31, 2020- Accounts payable Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, machinery Allowance for doubtful accounts Depreciation expense, equipment Depreciation expense, machinery. Cash Equipment Machinery Merchandise inventory. December 31 2020 2019 59,980 48,000 80,200 71,750 500 76,500 10,700 58,000 9,200 7,750 8,500 8,500 6,600 6,600 Retained earnings Revenues (including gains). Common stock Unearned revenue 142,810 165,000 5,500 103,000 68,100 105,000 264,600 220,500 Long-term notes payable 42,820 55,000 Other expenses (including losses)........ 650,000 40,000 88,000 99,000 700,100 44,100 345,000 300,000 28,010 32,000 Ne... X+ X++ X+4 + Ac... G. (select one) Statement of Cash Flows (select one)

XYZ Corporation began operations on January 1,2018. Its adjusted trial balance at December 31,2019 and 2020 is shown below. Other information regarding XYZ Corporation and its activities during 2020 follow in (a) through (e) : a. Assume all accounts have normal balances. b. Equipment was sold for cash of $12,300. c. Old machinery was sold for cash of $29,100. New machinery was purchased for $45,000 cash. d. Common stock was issued for cash. e. Cash dividends of $58,000 were declared and paid. Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31,2020