I got a lot of my Statement of Cash Flows wrong... can someone help me? filling in the missing sections as well as notes is MUCH APPRECIATED! Thanks in Advance <3 .... I'll fill in all the parts I got write as well as put questions marks to the parts I got wrong. Metlock Inc., a greeting card company, had the following statements prepared as of December 31, 2020. METLOCK INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $6,900 Accounts receivable 61,400 51,200 Short-term debt investments (available-for-sale) 34,700 18,000 Inventory 40,200 59,700 Prepaid rent 5,000 4,100 Equipment 152,700 130,200 Accumulated depreciation—equipment (35,400 ) (25,000 ) Copyrights 45,700 49,900 Total assets $310,200 $295,000 Accounts payable $46,300 $40,400 Income taxes payable 3,900 6,000 Salaries and wages payable 8,100 3,900 Short-term loans payable 8,100 10,100 Long-term loans payable 60,200 69,400 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 53,600 35,200 Total liabilities & stockholders’ equity $310,200 $295,000 METLOCK INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue $335,075 Cost of goods sold 175,200 Gross profit 159,875 Operating expenses 120,100 Operating income 39,775 Interest expense $11,400 Gain on sale of equipment 2,000 9,400 Income before tax 30,375 Income tax expense 6,075 Net income $24,300 Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) METLOCK INC. Statement of Cash Flows choose the accounting period For the Yr Ended December 31, 2020 Cash Flows from Operating Activities Net Income $24300 Adjustments to reconcile net income to ? Depreciation Expense ? Amortization of Copyright 4200 Gain on Sale of Equipment -2000 Increase in Accounts Receivable -10200 ? ? ? 19500 ? -900 ? 5900 ? -2100 subtotal of the adjustments ? ? enter a total amount for section one ? ? ? ? ? ? ? -42600 ? enter a total amount for section two ? ? ? ? ? -9200 ? -5900 ? enter a total amount for section three ? ? ? Cash at Beginning of Period 6900 Cash at End of Period $5900

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I got a lot of my Statement of Cash Flows wrong... can someone help me? filling in the missing sections as well as notes is MUCH APPRECIATED! Thanks in Advance <3 .... I'll fill in all the parts I got write as well as put questions marks to the parts I got wrong.

Metlock Inc., a greeting card company, had the following statements prepared as of December 31, 2020.

METLOCK INC.
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2020 AND 2019
   
12/31/20
 
12/31/19
Cash
 
$5,900
   
$6,900
 
Accounts receivable
 
61,400
   
51,200
 
Short-term debt investments (available-for-sale)
 
34,700
   
18,000
 
Inventory
 
40,200
   
59,700
 
Prepaid rent
 
5,000
   
4,100
 
Equipment
 
152,700
   
130,200
 
Accumulated depreciation—equipment
 
(35,400
)
 
(25,000
)
Copyrights
 
45,700
   
49,900
 
Total assets
 
$310,200
   
$295,000
 
             
Accounts payable
 
$46,300
   
$40,400
 
Income taxes payable
 
3,900
   
6,000
 
Salaries and wages payable
 
8,100
   
3,900
 
Short-term loans payable
 
8,100
   
10,100
 
Long-term loans payable
 
60,200
   
69,400
 
Common stock, $10 par
 
100,000
   
100,000
 
Contributed capital, common stock
 
30,000
   
30,000
 
Retained earnings
 
53,600
   
35,200
 
Total liabilities & stockholders’ equity
 
$310,200
   
$295,000
 

 

METLOCK INC.
INCOME STATEMENT
FOR THE YEAR ENDING DECEMBER 31, 2020
Sales revenue
     
$335,075
Cost of goods sold
     
175,200
Gross profit
     
159,875
Operating expenses
     
120,100
Operating income
     
39,775
Interest expense
 
$11,400
   
Gain on sale of equipment
 
2,000
 
9,400
Income before tax
     
30,375
Income tax expense
     
6,075
Net income
     
$24,300


Additional information:

1.   Dividends in the amount of $5,900 were declared and paid during 2020.
2.   Depreciation expense and amortization expense are included in operating expenses.
3.   No unrealized gains or losses have occurred on the investments during the year.
4.   Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2020.


Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

METLOCK INC.
Statement of Cash Flows
choose the accounting period                                               For the Yr Ended December 31, 2020            
Cash Flows from Operating Activities
   
Net Income
 
$24300
Adjustments to reconcile net income to
   
?          
   
Depreciation Expense
?
 
Amortization of Copyright
4200
 
Gain on Sale of Equipment
-2000
 
Increase in Accounts Receivable
 -10200
 
?
?
 
?
19500
 
?
-900  
?
5900
 
?
-2100
 
   
subtotal of the adjustments ?
?
 
enter a total amount for section one ?
     
?
   
?
?
 
?
?
 
?
-42600
 
?
 
enter a total amount for section two ?
     
?
   
?
?
 
?
-9200
 
?
-5900
 
?
 
enter a total amount for section three ? 
     
?
 
?
Cash at Beginning of Period
 
6900
Cash at End of Period
 
$5900
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