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The following is a Statement of Financial Position for June 30, 2020 ?and comparatives as of June 30, 2019.Petrex Ltd.Statement...

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Accounting

The following is a Statement of Financial Position for June $30, 2020$ ?and comparatives as of June $30, 2019 .$
Petrex Ltd $.$
Statement of Financial Position
As at June $30, 2020$
$2020$
$2019$
ASSETS
Cash
$ $130, 000$
$ $119, 000$
Accounts Receivable
$152, 000$
$109, 000$
Interest Receivable
$10, 600$
$9, 700$
Inventory
$68, 000$
$43, 000$
Prepaid Expenses
$9, 700$
$6, 900$
Land
$210, 000$
$170, 000$
Plant and Equipment
$45, 400$
$55, 400$
Less: Accumulated Depreciation $-$ ?Plant and Equipment
$13, 000$
$9, 000$
TOTAL ASSETS
$ $612, 700$
$ $504, 000$
LIABILITIES
Accounts Payable
$206, 000$
$190, 000$
Salaries Payable
$7, 000$
$7, 000$
Income Taxes Payable
$14, 000$
$6, 000$
Unearned Revenue
$13, 000$
$14, 000$
Bond Payable
$130, 000$
$140, 000$
TOTAL LIABILITIES
$370, 000$
$357, 000$
EQUITY
SHAREHOLDER'S EQUITY
Common Stock
$92, 000$
$64, 700$
Retained Earnings
$150, 700$
$82, 300$
TOTAL EQUITY
$242, 700$
$147, 000$
TOTAL LIABILITIES AND EQUITY
$ $612, 700$
$ $504, 000$
During the fiscal year ended June $30, 2020$ ?cash dividends paid were $ $9, 000,$ ?no land was sold, Plant and Equipment was sold for for $ $6, 000,$ ?its cost was $ $14, 000,$ ?and its Accumulated Depreciation was $ $6, 000 .$
Required: Prepare a Statement of Cash Flows using the indirect method for Petrex Ltd $.$ ?for the fiscal year ended June $30, 2020 .$

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