B C D F F G H The balance sheets of Lauren's Linguine Ltd. as of at December 31, 2019 and December 31, 2020 and the related Income statement for the year ended December 31, 2020 are as follows: Assets Cash Accounts Receivable Inventory Prepaid Expenses Investments Machinery & Equipment Accumulated Depreciation Patents 31-Dec-20 55,000 71,500 125,000 22,000 177,100 85,500 (18,000) 36,000 554,100 31-Dec-19 40,000 84,000 132,000 7,500 160,000 110,000 (12,000) 56,000 577,500 58,000 11,000 2,000 Liabilities & Equity Accounts Payable Accrued Expes Payable Salaries payable Dividends Payable Bonds Payable Common Stock PIC in Excess of Par Retained Earnings Treasury Stock Probez Prob, 3 Prob. 4 Prob. 5 62,000 6,000 4,000 21,500 80,000 102,000 227,800 61,800 (11,000) 200,000 100,000 200,500 30,000 (24,000) H Sales Gain on Sale of Plant Asset Gain on sale of Patents Total Revenue & Gains Lauren's Unguine Ltd. Income Statement for the year ended December 31, 2020 $ 825,000 5,100 7,300 $ 837,400 Cost of Goods Sold Salary Expense Depreciation Expense Amortization of Patents Other Operating Expenses Interest Expense Loss on Sale of Investment Loss on Bond Retirement Total Expenses & Losses Income Before Tax Income Taxes Net Income Additional Information A Cash dividends of B. Stock was issued for cash $ 288,750 157,050 20,000 10,000 165,000 18,500 5,600 6,100 $ 671,000 166,400 48,600 117,800 86,000 were declared Prob. 4 Cab 12 ' ' General Il Copy Format Painter Clipboard B IVB Mlole Wrap Text Merge Center $. % %%# Font Conditional Form Tomtale Table Alignment Number G H B C D E A Cash dividends of $ 86,000 were declared B. Stock was issued for cash C. Treasury shares were re-issued at cost in exchange for cash D. Equip. with an original cost of $ 53,000 and accumulated depreciation of $ 14,000 was sold for cash E. Investments were purchased with cash F. Investments costing $ 16,000 were sold for cash G. Bonds were retired with cash H. Cash was paid for Equipment ii. Patents were sold for cash. Required: Prepare a Statement of Cash Flows (indirect method) for the year ended December 31, 2020