7. Prepare a Statement of Cash Flows, Indirect Method. Glenbrook Company's most recent balance sheet, income statement, and other important information for 2020 are presented as follows. Assets Current assets Glenbrook Company Balance Sheet December 31, 2020 and December 31, 2019 2020 2019 Cash Accounts receivable Merchandise inventory Prepaid expenses $139,000 75,000 113,000 9,000 $ 185,000 66,000 116,000 4,000 Noncurrent assets Property, plant, and equipment 761,000 705,000 Accumulated depreciation (225,000) (188,000) Long-term investments 125,000 74,000 Total assets $997,000 $962,000 Liabilities and owners' equity Current liabilities Accounts payable Income tax payable Noncurrent liabilities Bonds payable Owners' equity $ 84,000 28,000 $ 68,000 34,000 54,000 38,000 Common stock 437,000 482,000. Retained earnings 394,000 340,000 Total liabilities and owners' equity $997,000 $962,000 475