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Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.)

Additional information:

1. Net income for the year was $111,000.
2. Dividends of $102,000 cash were declared and paid.
3. The only noncash expense was $81,000 of depreciation.
4. Purchased plant assets for $81,000 cash.
5. Notes payable of $31,000 were issued for $31,000 cash.
6. $81,000 increase in accounts receivable.
7. $31,000 decrease in inventory.
8. $21,000 decrease in accounts payable.

SCORETECK CORPORATION Spreadsheet for Statement of Cash FlowsIndirect Method For Year Ended December 31, 2019 Dec. 31, 2018 Analysis of Changes Dec. 31, 2019 Debit Credit Balance SheetDebit Bal. Accounts Cash $113,000 $82,000 Accounts receivable 131,000 212,000 Inventory 272,000 241,000 Plant assets 611,000 692,000 $1,127,000 $1,227,000 Balance SheetCredit Bal. Accounts Accumulated depreciation $111,000 $192,000 Accounts payable 172,000 151,000 Notes payable 381,000 412,000 Common stock 211,000 211,000 Retained earnings 252,000 261,000 $1,127,000 $1,227,000 Statement of Cash Flows Operating activities Investing activities Financing activities $0 $0

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