> A Marigold Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2020: MARIGOLD INC. Comparative Statement of Financial Position December 31 2020 2019 Cash $50,815 $25,160 Accounts receivable 58,000 51,200 Inventory 40,010 60,140 Prepaid rent 5,270 4,140 Equipment 159,820 130,110 (35,270) (25,140) Accumulated depreciation-equipment Goodwill 22,000 62,000 Total assets $300,645 $307,610 Accounts payable $46,220 $40,110 4,010 6,140 Income tax payable Salaries and wages payable 8,160 4,160 Short-term loans payable 8,000 10,200 Long-term loans payable 62,000 81,000 Common shares 130,000 130,000 Retained earnings 42,255 36,000 Total liabilities and shareholders' equity $300,645 307,610 MARIGOLD INC. Income Statement Year Ending December 31, 2020 Sales revenue $347,435 Cost of goods sold 165,000 Gross margin 182,435 Operating expenses 120.000 Operating income 62,435 Interest expense $11,500 Impairment loss-goodwill 40,000 Gain on disposal of equipment (2,900) 48,600 Income before income tax 13.835 Income tax expense 4,180 Net income $9,655 Additional information: Dividends on common shares in the amount of $3,400 were declared and paid during 2020. Dividends paid are treated as financing act Depreciation expense is included in operating expenses, as is salaries and wages expense of $71,000. Equipment with a cost of $42.000 that was 70% depreciated was sold during 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.g. (15,000).) Marigold Inc. Statement of Cash Flows (Indirect Method) $ Adjustments to reconcile net income/loss to net cash provided by operating activities: $