- Fixed assets costing $8,000 with a book value of $3,000 weresold for $6,000.

- Long term investments costing $5,000 were sold for $5,000.

-Redeemed $5,000 of the bond issuance.

- Sold stock___________.

-Paid dividends_________.

All other transactions involved cash.

Be certain you have accounted for all the changes in the accountline items somewhere in your 3 areas of SCF (ex. Fixed Assetsaccount went from $28K to $40k - we did not just buy $12K thisyear....)

2020     2019

Cash $30,000 $16,000

Acct Receivable7,000                             5,000

Ppd Insurance 2,000 3,000

Inventory 13,000 11,000

L-T Investments22,000                       27,000

Fixed Assets 40,000 28,000

Acc Depreciation 8,000                            6,000

Acct Payable 16,000                      14,000

Interest Payable 4,000                        ----000—

Taxes Payable 6,000 4,000

Bond Payable 20,000 25,000

Common Stock 21,000                      20,000

APIC 3,000                                   0

Retained Earnings 36,000                      21,000

Sales $120,000

-COGS   -   60,000

Gross Profit 60,000

- Operating Expenses   -  20,000  

Income from Operations 40,000

+/- Other

          Interest Expense -2,000

Gain on Sale of Equip+3,000        

Taxable Income 41,000

-Tax   -8,000

Net Income $33,000

Required: Prepare the Statement of Cash Flows for Operating,Investing and Financing using both the indirect and direct methodsfor Operating.