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Question 4 of 4 - / 100 Financial statement data for Metro Moving Company for 2020 follow. Dec. 31, 2019 METRO MOVING COMPANY Comparative Statement of Financial Position Dec. 31, 2020 Assets Cash $68,600 Accounts receivable 96,100 Prepaid insurance 28,900 Total current assets 193,600 Property, equipment, and vehicles 400,000 Accumulated depreciation (110,400) Total non-current assets 289,600 Total assets $483.200 Liabilities and shareholders' equity Accounts payable $21.500 Wages payable 3.000 Total current liabilities 24,500 Bank loan 50,000 Total liabilities 74,500 Common shares 200,000 Retained earnings 208.700 Total shareholders' equity 408.700 Total liabilities and shareholders' equity $483,200 $49.100 60,500 18,900 128,500 345.000 (105,900) 239.100 $367,600 $18.600 4,000 22.600 60.000 82,600 200,000 85.000 285,000 $367,600 BI Question 4 of 4 Accounts payable Wages payable Total current liabilities Bank loan Total liabilities Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $21,500 3,000 24,500 50,000 74,500 200,000 208,700 408,700 $483,200 $18,600 4,000 22,600 60,000 82,600 200,000 85,000 285,000 $367,600 METRO MOVING COMPANY Statement of Income For the year ended December 31, 2020 Moving revenue Gain on sale of vehicles $451,900 4,000 455,900 Expenses Vehicle operating expenses Wages expense Depreciation expense Interest expense Total expenses Net income $104,300 132,400 59,500 5.400 301,600 $154,300 Assignment Question 4 of 4 - / 100 Additional information: 1. 2. 3. Vehicles that cost $65,000 and had a net carrying amount of $10,000 were sold for $14,000. A cash payment was made to reduce the bank loan. Dividends were declared and paid during the year. Prepare a statement of cash flows for Metro Moving Company for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis eg. (15,000).) Metro Moving Company Statement of Cash Flows For the Year Ended December 31, 2020 ignmen Question 4 of 4 - / 100 $ $ Question 4 of 4 - / 100 $

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