A comparative balance sheet for Lily Company appears below: LILY COMPANY Comparative Balance Sheet Assets Dec. 31, 2020 Dec. 31, 2019 Cash $50,000 $19,000 Accounts receivable 34,000 21,000 Inventory 41,000 25,000 Prepaid expenses 14,000 25,000 Long-term investments 0 33,000 Equipment 84,000 41,000 Accumulated depreciationequipment (36,000) (23,000) Total assets $187,000 $141,000 Liabilities and Stockholders' Equity Accounts payable $33,000 $15,000 Bonds payable 44,000 61,000 Common stock 56,000 31,000 Retained earnings 54,000 34,000 Total liabilities and stockholders' equity $187,000 $141,000 Additional information: 1. Net income for the year ending December 31, 2020 was $43,000. 2. Cash dividends of $23,000 were declared and paid during the year. 3. Long-term investments that had a cost of $33,000 were sold for $22,000. 4. Sales for 2020 were $128,000. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) LILY COMPANY Statement of Cash Flows choose the accounting period select an opening name for section one select an item $enter a dollar amount Adjustments to reconcile net income to select an opening subsection name select an item $enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount enter a subtotal of the adjustments select a closing name for section one enter a total amount for section one select an opening name for section two select an item enter a dollar amount select an item enter a dollar amount select a closing name for section two enter a total amount for section two select an opening name for section three select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select a closing name for section three enter a total amount for section three select an item enter a total amount for three sections select an item enter a dollar amount select a closing name for this statement $enter a total amount for this statement