Comparative balance sheet accounts of Oriole Company are presented below. ORIOLE COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $70.600 $50,500 Accounts Receivable 155,100 130.000 Inventory 75.600 61.100 Debt investments (available-for-sale) 55.10084,300 Equipment 70,300 48.400 Buildings 144.400 144.400 Land 39,600 25,300 Totals $610,700 $544,000 Credit Balances Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Accumulated Depreciation-Buildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings Totals $10,000 $7.900 21,000 14,100 37,300 28.200 66,400 60,600 11,900 9,900 62,000 70.000 310.000 260.000 92.100 93.300 $610,700 $544,000 Additional data: 1. Equipment that cost $10,100 and was 60% depreciated was sold in 2020. 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $34,600 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. Oriole's 2020 income statement is as follows. $949,600 600.500 349,100 247,700 101,400 Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses (includes depreciation expense and bad debt expense) Income from operations Other revenues and expenses Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $14.900 (3,100) 11,800 113,200 44,600 $68,600 (6) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) ORIOLE COMPANY Statement of Cash Flows Adjustments to reconcile net income to