Boca Inc.
Balance Sheets
December 31
	Assets						2020	2019
	Cash						$41,400	$48,400
	Accounts Receivable						29,600	29,000
	Inventory						86,000	37,550
	Prepaid Expenses						112,500	102,850
	Long-term Investments						137,000	109,000
	Plant Assets						368,000	239,500
	Accumulated depreciation						(50,000)	(52,000)
	Total						$724,500	$514,300
	Liabilities and Stockholders' Equity
	Accounts Payable						$16,500	$20,000
	Wages Payable						62,000	67,300
	Dividends Payable						10,000	6,000
	Bonds Payable						170,000	140,000
	Common Stock						262,000	175,000
	Retained Earnings						204,000	106,000
	Total						$724,500	$514,300
Additional Information:
1. Old plant assets having an original cost of $50,000 and a book value of $46,500 were sold for $50,000 cash.
2. A new plant asset was purchased directly in exchange for common stock valued at $22,000.
3. New bonds were issued at par for $40,000.
4. Net income was $154,490.
5. A $1,000 prior period adjustment was recorded in 2020 correcting an overstatement of depreciation in 2015. The 2019 balance sheet is appropriately restated.
6. Long-term Investments costing $20,000 were sold for $17,000.
Required
1. Prepare a 2020 statement of cash flows using the indirect method.