A comparative balance sheet for Sage Corporation is presented as follows.

		December 31
Assets		2020			2019
Cash		$ 72,690			$ 22,000
Accounts receivable		83,430			67,740
Inventory		181,430			190,740
Land		72,430			111,740
Equipment		261,430			201,740
Accumulated Depreciation-Equipment		(70,430	)		(43,740	)
Total		$600,980			$550,220
Liabilities and Stockholders' Equity
Accounts payable		$ 35,430			$ 48,740
Bonds payable		150,000			200,000
Common stock ($1 par)		214,000			164,000
Retained earnings		201,550			137,480
Total		$600,980			$550,220

Additional information:

1.		Net income for 2020 was $127,860. No gains or losses were recorded in 2020.
2.		Cash dividends of $63,790 were declared and paid.
3.		Bonds payable amounting to $50,000 were retired through issuance of common stock.

(a) Prepare a statement of cash flows for 2020 for Sage Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) SAGE CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 127860 Adjustments to reconcile net income to $ $ Issued common stock to retire $ of bonds outstanding