Below is the comparative balance sheet for Sage Corporation.

		Dec. 31, 2020			Dec. 31, 2019
Cash		$16,500			$21,000
Short-term investments		25,200			18,900
Accounts receivable		43,000			45,400
Allowance for doubtful accounts		(1,700	)		(2,100	)
Prepaid expenses		4,200			2,500
Inventory		82,100			64,800
Land		50,200			50,200
Buildings		125,200			73,800
Accumulated depreciationbuildings		(30,200	)		(22,700	)
Equipment		52,800			46,300
Accumulated depreciationequipment		(18,900	)		(15,500	)
Delivery equipment		39,300			39,300
Accumulated depreciationdelivery equipment		(21,700	)		(20,700	)
Patents		15,100			0
		$381,100			$301,200
Accounts payable		$25,800			$15,800
Short-term notes payable (trade)		4,000			5,900
Accrued payables		3,000			4,700
Mortgage payable		73,400			53,900
Bonds payable		49,600			62,700
Common stock		139,800			102,100
Paid-in capital in excess of par		10,100			4,000
Retained earnings		75,400			52,100
		$381,100			$301,200

Dividends in the amount of $15,000 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.

SAGE CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 , 2020 Reconciling Items Balance at 12/31/19 Debits Debit Credit Cash $21,000 $ $ Short-term investments 18.900 Accounts receivable 45.400 Prepaid expenses 2.500 Inventory 64.800 Land 50.200 Buildings 73.800 Equipment 46,300 Equipment (Delivery) 39,300 Patents Total debits $362,200 Credits Accounts payable $15.800 $ $ Notes payable 5.900 Accrued liabilities 4,700 Allowance for doubtful accounts 2.100 Accumulated Depreciation-Building 22.700 Accumulated Depreciation-Equipment 15.500 Accumulated Depreciation-Delivery Equipment 20.700 Mortgage payable 53.900 Bonds payable 62.700 Common stock 102.100 Paid-in capital in excess 4.000 Retained earnings 52.100 Total credits $362,200 Sage Corporation Statement of Cash Flows Effects $ $