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Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the year ending December 31, 2020 Kennedy Enterprises Balance Sheet and income Statements December 31 December 31, 2020 Current Assets Cash $153.000 $119,000 Accounts Receivable 238,000 306.000 Inventory 391.000 Total Current Assets 782,000 765,000 34000 1,241,000 Property, Plant, and Equipment Loss: Accumulated Depreciation Total Assets 1.122.000 442.0001 $1.445.000 $1.547.000 Current Liabilities Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities $187.000 51.000 5.00 323.000 $102,000 68.000 76 500 245.500 Bonds Payable Total Labs 340.000 663.000 391.000 537.500 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 510.000 374.000 384.000 $1.547.009 467.500 349.000 807.500 $1.445.000 1,615,000 751.000 854,000 Sales Revenue Less Cost of Goods Sold Gross Pro Expenses Depreciation Expense Salaries and Wages Expense Interest Expense Lots on sale of Ecument 153,000 301.000 34.000 12.000 Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 510,000 374.000 884.000 $_1.547.000 487,500 340 000 807.500 $1.445.000 Sales Revenue 1,615,000 Less Cost of Goods Sold 751.000 Gross Profit 864,000 Expenses: Depreciation Expense 153,000 Salaries and Wages Expense 391.000 Interest Expense 34.000 Loss on Sale of Equipment 12.000 Income Before Taxes 274,000 Less Income Tax Expense 110,000 Net Income $ 164.000 Additional Information: During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119.000 and purchased new equipment for $272,000. Prepare a Statement of Cash Flows for the year ended 12/31/20 using the Indirect Method

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