In 2020, an accountant for SafeCo inadvertently deleted data related to the financial...
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In 2020, an accountant for SafeCo inadvertently deleted data related to the financial statements. The following information was able to be retrieved Account 12/31/2020 12/31/2019 Cash 200,000.00 250,000.00 Accounts Receivable 45,000.00 ? Property Plant and Equipment 200,000.00 300,000.00 Goodwill 90,000.00 Accounts Payable ? 235,000.00 Long Term Debt 200,000.00 300,000.00 Common Stock 200,000.00 30,000.00 Retained Earnings 200,000.00 20,000.00 1) All balances were normal. 2) No other accounts were presented. 3) Dividends were issued during the period for 30,000 4) After recording $30,000 in depreciation for the year, a $20,000 gain was noted when certain property was sold 5) The Goodwill was acquired through issuance of Common Stock Prepare a statement of Cash Flows (using Indirect Method) for 2020
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