Boca Inc. Balance Sheets December 31 Assets 2020 2019 Cash 40,800 48,400 Accounts Receivable 28,400 26,000 Inventory 87,800 38,000 Prepaid Expenses 112,500 102,850 Long-term Investments 138,000 109,000 Plant Assets 367,000 242,500 Accumulated depreciation (50,000) (52,000) Total 724,500 514,750 Liabilities and Stockholders' Equity Accounts Payable 13,500 21,000 Accrued Expenses Payable 72,000 67,300 Dividends Payable 3,000 Bonds Payable 170,000 146,000 Common Stock 262,000 175,000 Retained Earnings 204,000 105,450 Total 724,500 514,750 Additional Information: 1. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $7,500 cash. 2. A new plant asset was purchased directly in exchange for common stock valued at $42,000. 3. New bonds were issued at par for $36,000. 4. Net income was $154,480. 5. A $1,000 prior period adjustment was recorded in 2020 correcting an understatement of depreciation in 2015. The 2019 balance sheet is appropriately restated. 6. The increase in Long-term Investments was due to a purchase of investments. Required 1. Prepare a 2020 statement of cash flows using the indirect method. Use the textbook format (pages 1,339, 1,342, 1,345). Do not submit supporting computations