Alex Company reported the following information for 2020. Alex Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Totals 2020 $63,000 62,000 47,000 6,000 60,000 197,000 (24,000) 176,000 (31,000) $556,000 2019 $32,000 19,000 -0- 3,000 65,000 197,000 (16,000) 66,000 (10,880) $355,120 Change Increase/Decreas $31,000 Increase 43,000 Increase 47,000 Increase 3,000 Increase 5,000 Decrease -- 8,000 Increase 110,000 Increase 20,120 Increase Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Totals $45,000 -0- 91,000 211,000 209,000 $556,000 $41,000 9,000 153,000 61,000 91,120 $355,120 $4,000 9,000 62,000 150,000 117,880 Increase Decrease Decrease Increase Increase Alex Company Income Statement For the Year Ended December 31, 2020 Sales revence $909,000 Cost of goods sold 5445,000 Operating expenses 230,000 Interest expense 12,000 Los penal of plant assets 2,000 689,000 Income before income taxes 220,000 Encome tax expense Newton 5161,000 Additional information 3 4 Operating expenses include depreciation expense of 545,120 and was wild at its book value for cash Cash dividends of $43.120 were declared and paid 2026, topment with a cost of $158,000 was purchased for tash moment with a custw 146.000 and a book value of 531,000 was sold for 529,000 Ponds of $2.000 were redeemed at their luce value for cash Common stock Sipar) of $150,000 was for cash 5 D Use this information to prepare a statement of cash flows using the indirect mett. (Shawns that are cash flow with either a IX ALEX COMPANY Statement of Cash Flows-Indirect Method