y Automobiles of Ontario Lid was formed on January 1, 2020, when Speedy sed common shares for $510,000. Estyn w 2020 Spoed me tobowych Click the icon to view the transactions.) rements assets TOESTING DOGODES LLOGUL irement 3. Prepare Speedy's statement of cash flows for the year ended ease in cash. Enter"0" for zero balances. Round your answers to the Transactions Speedy Automobiles of Ontario, Ltd Statement of Cash Flows a $220,000 for equipment For the Year Ended December 31, 2020 b. $243,000 for inventory (nine cars at $27.000 each) c. $25,000 for 2020 rent on a store building sh flows from operating activities: In February 2020, Speedy purchased three cars for inventory on account Contacts inventory was $117,000 (539,000 each) Before year-end, Speedy paid $81900 debt Speedy uses the FIFO method to account for inventory During 2070, Speedy Adjustments to reconcile net income to eleven speedy autos for a total of 5649.000 Before your end, Speedy collected on a this amount. The business employs two people. The combined annan ayol net cash provided by (used for) operating activities $151,000, of which Speedy owes $6,000 at year-end. At the end of the year, Speedy paid income tax of $22,000 Lite in 2020. Speedy declared and paid cash dividends deprecision method ove ve $15,000 For equipment, Speedy uses the straight yours with zero residual value Print Done Net cash provided by (used for) operating activities rent number in the input fields and then click Check