(Solved): Sunny Technologies Inc began operations on January 1 . 2019. Its post-closing trat balance at Decem ...

Sunny Technologies Inc began operations on January 1 . 2019. Its post-closing trat balance at December 3 s, 20i9, and 2020 is ahown below along with some other information Qther informaton fogarding Sunny and its activities during 2020 : 1. Assume allaccaunts have mormal balances. Other informationt regarding Sunty and its activities duting 2020 : 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the yeat. 3. Plant assets were sold during the year. 4. Plent assets worth \( \$ 99,500 \) were purchased during the yoar by paying cash of \( \$ 32,300 \) and issuing a longitesm note payable for the balanco. Required: Using the information peovided, prepare a statement of cash flows (applying the indirect methoc) for the year ended Decertioet as, 2020 . (List any deduction in cash and cash outfows and loss as negative amounts. ) \begin{tabular}{|l|r|r|r|} \hline Cash flows from operating activities: & & \\ \hline Loss & \( (58,500) \) & & \\ \hline Adjustments to reconcile profit to net cash inflows from & \( (11,500) \) & \\ \hline operating activities: & 8,000 & \\ \hline Increase in accounts receivable & 11,960 & \\ \hline Decrease in merchandise inventory & \( (4,800) \) & \\ \hline Decrease in accounts payable & 21,100 & \\ \hline Increase in accrued liabilities & 25,900 & \\ \hline Loss on sale of plant assets & & \\ \hline Depreciation expense & & \\ \hline & & \\ \hline Net cash inflow from operating activities & & \\ \hline Cash flows from investing activities: & & \\ \hline Receipt from sale of plant assets & & \\ \hline Payment for new plant assets & & \\ \hline \end{tabular}