Wynken Enterprises Limited's December 31, 2020 year-end presented the following information: 2020 2019 Cash $240,400...
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Accounting
Wynken Enterprises Limited's December 31, 2020 year-end presented the following information: 2020 2019 Cash $240,400 $53,600 Accounts receivable $23,200 $26,400 Merchandise inventory $143,100 $118,800 Long-term investments $23,100 $92,700 Equipment $315,800 $217,100 Accumulated depreciation, equipment ($109,700) ($27,500) $635,900 $481,100 Accounts payable Income taxes payable Bonds payable Common shares Retained earnings $14,900 $10,600 $25,500 $19,400 $62,800 $73,000 $134,800 $116,600 $397,900 $261,500 $635,900 $481,100 Sales (all on credit) $619,100 Cost of goods sold $179,400 Depreciation expense $109,200 Other operating expenses $73,400 Interest expense $11,100 Loss on sale of equipment $3,800 $376,900 Net income $242,200 Additional information: 1) There was no gain or loss on the long-term investments sold or the bonds retired. 2) Old equipment with an original cost of $38,300 was sold for $7.500. 3) New equipment was purchased for $137,000. 4) Paid dividends of ___ during the year. 5) Additional shares were issued during the year. REQUIRED: Prepare a statement of cash flows for the year ended December 31, 2020 using the indirect method. (16 marks)


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