2020 2019 Change Cash Accounts Receivable Inventory $ 89,000 $55,000 34,000 88,000 68,000 20,000 167,000 152,000 15,000 Prepaid Expenses 56,000 31,000 25,000 Land 160,000 140,000 20,000 Equipment 246,000 210,000 36,000 Accumulated Depreciation-equipment (73,000) (50,000) (23,000) Buildings 160,000 160,000 Accumulated Depreciation- Buildings (80,000) (45,000) (35,000) Accounts Payable 46,000 66,000 (20,000) Bonds Payable Common stock, $1 par Retained earnings 202,000 46,000 66,000 (20,000) 210,000 180,000 30,000 150,000 52,000 Additional information: Operating expenses include depreciation expense of $65,000 Land was sold for cash at cost Cash dividends of $38,000 were paid. .Net income for 2020 was $90,000. . Equipment was purchased for $53,000 cash. In addition, equipment costing $17,000 with an accumulated depreciation balance of 7,000 was sold for $25,000 cash. 30,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $30,000 Bonds were issued for $30,000 throughout the year Prepare the statement of cash flow for the year ended December 31, 2020 using the indirect method.