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Chat Problem #5 - Cash Flow Statement (11 Points) Use the following information to prepare...

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Accounting

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Chat Problem #5 - Cash Flow Statement (11 Points) Use the following information to prepare a statement of cash flows in good format for Helm University for the year ended December 31, 2020: - Net income for the year 2020 was $8,000. - Accounts receivable decreased $2,000, while inventories increased $4,000, accounts payable decreased $7,000 and salaries payable decrease by $6,000. Depreciation expense included in net income was $8,000. - The company borrowed $19,000 on a two-year note from the bank. - A small building was purchased for $40,000 with cash from a $30,000 mortgage note. - An offer was made on January 2, 2021 to buy a computer system for of $6,000. The beginning cash balance was $7,000 and the ending balance was $17,000. Specifically show Cash from Operations, Investing and Financing

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