Below is the comparative balance sheet for Cullumber Corporation.

		Dec. 31, 2020			Dec. 31, 2019
Cash		$16,400			$21,100
Short-term investments		25,200			19,100
Accounts receivable		43,400			45,100
Allowance for doubtful accounts		(1,900	)		(2,000	)
Prepaid expenses		4,300			2,400
Inventory		82,200			65,200
Land		50,100			50,100
Buildings		125,100			73,600
Accumulated depreciationbuildings		(29,700	)		(23,000	)
Equipment		52,600			45,900
Accumulated depreciationequipment		(19,100	)		(15,300	)
Delivery equipment		39,400			39,400
Accumulated depreciationdelivery equipment		(22,200	)		(20,700	)
Patents		14,900			0
		$380,700			$300,900
Accounts payable		$26,000			$16,000
Short-term notes payable (trade)		4,000			5,900
Accrued payables		3,000			4,700
Mortgage payable		72,600			52,800
Bonds payable		50,200			61,900
Common stock		140,500			101,200
Paid-in capital in excess of par		10,000			4,100
Retained earnings		74,400			54,300
		$380,700			$300,900

Dividends in the amount of $15,100 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short-term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.)

CULLUMBER CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 2020 Reconciling Items Balance at 12/31/19 Balance at 12/31/20 Debits Debit Credit Cash $21,100 $ 4700 $16,400 Short-term investments 19,100 100 25,200 Accounts receivable 45,100 1700 43,400 Prepaid expenses 2,400 1900 4,300 Inventory 65,200 17000 82,200 Land 50,100 Buildings 50,100 73,600 45,900 51500 125,100 Equipment 6700 52,600 Equipment (Delivery) 39,400 39,400 Patents 14900 14,900 Total debits $361,900 $453,600 Credits Accounts payable $16,000 $ 10000 $26,000 Notes payable 5,900 1900 4.000 Accrued liabilities 4,700 1700 3,000 Allowance for doubtful accounts 2,000 100 1,900 Accumulated Depreciation-Building 23,000 6700 29,700 Accumulated Depreciation-Equipment 15,300 3800 19,100 Accumulated Depreciation-Delivery Equipment 20,700 1500 22,200 Mortgage payable 52,800 19800 72,600 Bonds payable 61,900 11700 50,200 Common stock 101,200 39300 140,500 Paid-in capital in excess 4,100 5900 10,000 Retained earnings 54,300 15100 35200 74,400 Total credits $361,900 $453,600 Cullumber Corporation Statement of Cash Flows Effects Cash Flows from Operating Activities - Net Income 47200 $ Decrease in Accounts Receivable (Net) 1700 Increase in Inventory 17000 Increase in Prepaid Expenses 1900 Increase in Accounts Payable 10000 Redemption of Bonds 1900 Decrease in Accrued Payables 1700 100 Cash Flows from Investing Activities Purchase of Investments 6100 Purchase of Equipment 51500 Purchase of Building 6700 Purchase of Patents 14900 Cash Flows from Financing Activities - Issuance of Mortgage Payable 19800 Redemption of Bonds 11700 Issuance of Bonds 45200 Payment of Cash Dividends 15100 Totals 21100 Net Decrease in Cash Totals 16400