ABC COMPANY Income Statement For Year Ended 12/31/20 $ 500,000 300,000 $ 200,000 Sales Cost of Goods Sold Gross Profit Depreciation Expense Amortization Expense Other Operating Expenses Net Income $ 20,000 10,000 116,000 146,000 $ 54,000 ABC COMPANY Comparative Balance Sheet Assets Cash Accounts Receivable (net) Merchandise Inventory Prepaid Expenses Long Term Investments - Stock Plant Assets Accumulated Depreciation Intangible Assets Total Assets Liabilities & Stockholders' Equity Accounts Payable Interest Payable Accrued Payables Bonds Payable (due 2015) Common Stock P.I-C, ex par, Common Retained Earnings Total Liab & stockholders' Equity 12/31/20 $ 21,000 44,000 80,000 21,000 10,000 122,000 (60,000) 30,000 $ 268,000 12/31/19 $ 20,000 30,000 56,000 24,000 15,000 100,000 (40,000) 20,000 $ 225,000 10,000 1,000 7,000 40,000 100,000 25,000 85.000 $ 268,000 15,000 3,000 6,000 60,000 80,000 20,000 41,000 $225,000 Additional Information: - Cash dividends were declared and paid during 2017 - Patents were purchased for cash. ALL OTHER financing and investing activities involved cash. Prepare a statement of Cash Flows for 2020-in good form using the Indirect Method