A comparative balance sheet for Lily Company appears below: LILY COMPANY Comparative Balance Sheet Assets Dec 31, 2020 Dec 31, 2019 Cash $37,000 $12,500 Accounts receivable 21.000 14,500 Inventory 28.000 18.500 Prepaid expenses 7.500 12 000 Long-term investments 20.000 Equipment 64.500 34,500 Accumulated depreciation-equipment (23,000) (16,500) Total assets $135,000 $95,500 Liabilities and Stockholders' Equity Accounts payable $20,000 $8.500 Bonds payable 37.500 48.000 Common stock 43,000 24,500 Retained earnings 34,500 14,500 Total liabilities and stockholders' equity $135.000 $95,500 Additional information: 1. Net income for the year ending December 31, 2020 was $36,500 2 Cash dividends of $16,500 were declared and paid during the year 3. Long-term investments that had a cost of $20,000 were sold for $15.500 4 Sales for 2020 were $121,500 Additional information: 1. Net income for the year ending December 31, 2020 was $36,500. Cash dividends of $16,500 were declared and paid during the year. 2. 3 Long-term investments that had a cost of $20,000 were sold for $15.500. 4. Sales for 2020 were $121,500. 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 eg.-15,000 or in parenthesis eg. (15,0001) LILY COMPANY Statement of Cash Flows Adjustments to reconcile net income to Net Cash Provided by Operating Activities > LILY COMPANY Statement of Cash Flows V Adjustments to reconcile net income to Net Cash Provided by Operating Activities > V $ A A > A