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Can you help me solve the exercise? Condensed financial data of Nash Company for 2020 and 2019 are presented below. NASH COMPANY COMPARATIVE BALANCE SHEET

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Condensed financial data of Nash Company for 2020 and 2019 are presented below. NASH COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,770 $1,160 Receivables 1,740 1,280 Inventory 1,620 1,880 Plant assets 1,930 1,670 Accumulated depreciation (1,250 ) (1,190 ) Long-term investments (held-to-maturity) 1,290 1,420 $7,100 $6,220 Accounts payable $1,220 $920 Accrued liabilities 190 240 Bonds payable 1,370 1,570 Common stock 1,930 1,730 Retained earnings 2,390 1,760 $7,100 $6,220NASH COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,860 Cost of goods sold 4,600 Gross margin 2,260 Selling and administrative expenses 930 Income from operations 1,330 Other revenues and gains Gain on sale of investments 80 Income before tax 1,410 Income tax expense 520 Net income 890 Cash dividends 260 Income retained in business $630 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash ows using the indirect method. (Show amounts that decrease cash flow with eithera - sign 3.3. 45,000 or in parenthesis as. (15,000).) NASH COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 V (Indirect Method) Cash Flows from Operating Activities V Net Income v $ 890 Adjustments to reconcile net income to Net Cash Provided by Operating Activities V Depreciation Expense V $ 60 Increase in Accounts Receivable V (460) Decrease in Inventory V 260 Increase in Accounts Payable V 300 Decrease in Accrued Liabilities V (50) Gain on Sale of Investments V 80 190 Net Cash Provided by Operating Activities V 1,080 Cash Flows from Investing Activities Purchase of Plant Assets Sale of Investments Net Cash Used by Investing Activities Cash Flows from Financing Activities Redemption of Bonds Payable Issuance of Capital Stock Payment of Cash Dividends Net Cash Used by Financing Activities (260) 130 (200) 0 (260)

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