The following information is provided for Tina. Inc. for the year ending December 31, 2020. Prepare a statement of cash flow using the indirect method. Balance Sheets, December 31 2019 2020 Income Statement, For Assets Year Ended December 31 2020 Cash. $ 35,000 $ 49,582 Sales revenue. $620,000 Cash equivalents 20,000 10,000 Cost of goods sold (400,000) Investment, short-term 8,000 5,000 Depreciation expense. (26,837) Accounts receivable 50,000 75,000 Bad debt expense. (18,000) Allowance for doubtful accounts. (2,000) (3,000) Interest expense. (23,000) Inventory.... 120,000 40,000 Amortization of right-of-use Prepaid insurance. 20,000 30,000 asset (15,163) Long-term investment. 40,000 45,000 Amortization of intangibles (10,000) Land 250,000 350,000 Equipment 100,000 130,000 Right-of-use asset 60,653 Other operating expenses Gain on sale of short-term investments. (85,000) 3,000 Accumulated depreciation, Gain on equipment sale 7,000 equipment. (50,000) (64,837) Gain on bond retirement. 20,000 Intangible assets, net 45,000 35,000 Investment income 30,000 Income tax expense (25,000) Total assets. $636,000 $762,398 Net income.. $ 77,000 Liabilities and Stockholders' Equity Accounts payable. $ 40,000 $ 70,000 Income taxes payable. 5,000 8,000 Dividends payable 6,000 12,000 Lease liability, long-term 63,398 Deferred tax liability 20,000 25,000 Mortgage payable. 80,000 Note payable. 100,000 Bonds payable 180,000 Unamortized bond discount (12,000) Common stock. 300,000 300,000 Retained earnings 97,000 104,000 Total liabilities and stockholders' equity $636,000 $762,398 Additional information about events in 2020 1. On January 1, 2020, the fair value of the portfolio of short-term investments in debt securities, classified as available-for-sale, equaled cost. During 2020, investments carried at $3,000 were sold for $6,000. No securities were purchased during 2020. At December 31, 2020, the fair value of the portfolio is $5,000. 2. Cash equivalents were continually purchased and sold at cost. No gains or losses were incurred. 3. $20,000 of accounts receivable was written off in 2020, and $3,000 was collected on an account written off in 2019. All sales are on account. 4. The long-term investment represents a 25% equity interest in Wickens Company and is accounted for under the equity method, purchased at book value. During 2020, Wickens paid $100,000 of dividends and earned $120,000. 5. At the end of 2020, DHS Inc. acquired land for $100,000 by assuming an $80,000 mortgage and paying the balance in cash. 6. Equipment (cost, $20,000; book value, $8,000) was sold for $15,000. 7. Started and completed construction of equipment for its own use in 2020. The cost of the finished equip- ment, $50,000, includes $5,000 of capitalized interest. 8. Entered into a finance lease on January 1, 2020 recording a right-of-use asset and a lease liability for $75,816. The interest rate used to capitalize the lease is 10%. Equal annual payments of $20,000 are due each December 31 for five years. Interest expense in the 2020 income statement includes interest on the lease liability of $7,582. 9. The bonds were retired before maturity at a $20,000 gain, before taxes. Discount amortized in 2020, $4,000. 10. Declared $70,000 of dividends in 2020.

Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance sheets for 2019: Required: Prepare a statement of cash flows for Volusia using the indirect method to compute net cash flow from operating activities.

Use the following excerpts from Swansea Companys financial information to prepare the operating section of the statement of cash flows (direct method) for the year 2018.

Use the following excerpts from Victrolia Companys financial information to prepare a statement of cash flows (direct method) for the year 2018.

Use the following excerpts from Unigen Companys financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018.

Use the following information from Eiffel Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.

Use the following information from Isthmus Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.

Use a spreadsheet and the following financial information from Mineola Companys financial statements to build a template that automatically calculates the net operating cash flow. It should be suitable for use in preparing the operating section of the statement of cash flows (indirect method) for the year 2018.

Ratio Analysis Consider the following information taken from Chicago Water Slides (CWSs) financial statements: Also, CWSs operating cash flows were $25,658 and $29,748 in 2019 and 2018, respectively. Note: Round all answers to two decimal places. Required: 1. Calculate the current ratios for 2019 and 2018. 2. Calculate the quick ratios for 2019 and 2018. 3. Calculate the cash ratios for 2019 and 2018. 4. Calculate the operating cash flow ratios for 2019 and 2018. 5. CONCEPTUAL CONNECTION Provide some reasons why CWSs liquidity may be considered to be improving and some reasons why it may be worsening.

The financial statements for Romeo and Company follow. Assume that the additional investment and the withdrawals were in the form of cash. Required Prepare a statement of cash flows for the year ended December 31, 2018. Check Figure Net cash flows from operating activities, 172,000