Attached is the comparative balance sheet for the Davidson Company. Additional information that you need is also provided. Your task is to prepare the following: 1) Cash flow worksheet. 2) t-accounts to identify account activity needed for the cash flow statement and 3) Cash flow statement for 2020. 2 Davidson Company 3 Comparative Balance Sheet 4 5 December 31 2020 2019 6 $ 7 8 Cash 9 Accounts receivable 10 Inventory 11 Plant assets 12 Accumulated depreciation 13 Long-term investments 14 15 16 Accounts payable 17 Accrued liabilities 18 Bonds payable 19 Common stock 20 Retained earnngs 21 1,800 $ 1,750 1,700 1,900 (1,200) 1,300 7,250 $ 1,150 1,300 1,900 1,700 (1,170) 1,420 6,300 $ + $ 1,300 $ 200 1,400 1,900 2,450 7,250 $ 900 250 1,550 1,700 1,900 6,300 $ Additional information: * 2020 net income was $810. Cash dividends of $260 were distributed in 2020. * There was a gain on sale of investments of $80 in 2020. * During 2020 $70 of common stock was issued in exchange for plant assets * No plant assets were sold in 2020. 1