AyayaiInc., a greeting card company, had the following statements prepared as of December 31, 2020.

AYAYAIINC.

COMPARATIVE BALANCE SHEET

AS OF DECEMBER 31, 2020 AND 2019

12/31/20

12/31/19

Cash$5,900 $7,000

Accounts receivable 61,500 51,300

Short-term debt investments (available-for-sale) 35,000 17,800

Inventory 40,400 60,200

Prepaid rent 5,000 4,000

Equipment 153,400 129,000

Accumulated depreciationequipment (35,100)(25,100)

Copyrights46,300 49,600

Total assets $312,400 $293,800

Accounts payable $46,500 $40,200

Income taxes payable 4,100 6,000

Salaries and wages payable 8,100 4,000

Short-term loans payable 7,900 10,000

Long-term loans payable 60,200 68,700

Common stock, $10 par 100,000 100,000

Contributed capital, common stock 30,000 30,000

Retained earnings 55,600 34,900

Total liabilities & stockholders' equity $312,400 $293,800

INCOME ST.

Sales revenue $338,750

Cost of goods sold 176,400

Gross profit 162,350

Operating expenses 119,600

Operating income 42,750

Interest expense $11,500

Gain on sale of equipment 2,000 9,500

Income before tax 33,250

Income tax expense 6,650

Net income $26,600

Additional information:

1.Dividends in the amount of $5,900were declared and paid during 2020.2.Depreciation expense and amortization expense are included in operating expenses.3.No unrealized gains or losses have occurred on the investments during the year.4.Equipment that had a cost of $19,900and was 70% depreciated was sold during 2020.

What is statement of cash flows using the indirect method.