need help with accounting assignment Denver, Inc. has prepared the following comparative balance sheets for 20x0 and 20x

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answerhappygod
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need help with accounting assignment Denver, Inc. has prepared the following comparative balance sheets for 20x0 and 20x

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need help with accounting assignment
Denver, Inc. has prepared the following comparative balance
sheets for 20x0 and 20x1:
20x1
20x0
Cash
75,000
51,000
A/R
48,000
39,000
Inventory
54,000
60,000
Prepaid
Expense

6,000

9,000
Building

440,000
350,000
Accum. Depr.

(145,000)
(125,000)
Copyright
51,000
58,000
A/P
51,000
56,000
Accrued
Liabilities
18,000
14,000
Mortgage
Payable

-
150,000
Preferred
Stock

175,000
-
PCIEP –
Pref.
30,000
-
Common
Stock

200,000

200,000
R/E
55,000
22,000
Sales
660,000
Cost of
sales
363,000
Gross
profit
297,000
Operating
expenses 210,000
Net
income
87,000
From the information above, prepare a statement of cash
flows (operating, investing and financing activities) for the year
ended December 31, 20x1. Use the indirect method for the
operating activities.
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