Comparative balance sheets for Kingbird, Inc. are presented as follows. Kingbird, Inc. Comparative Balance Sheets December 31 Assets 2020 Cash $73,350 Accounts receivable 84,450 Inventory 179,300 Land 74.600 Equipment 250,400 Accumulated depreciation--equipment (65,850) Total $596,250 Liabilities and Stockholders' Equity Accounts payable $33,400 Bonds payable 150.300 Common stock ($1 par) 214,300 Retained earnings 198.250 Total $596,250 2019 $22,300 76,650 189.550 101,400 200.900 (42.600) $548,200 $47.500 199,000 164,100 137,600 $548.200 Additional information: 1. 2. 3. 4. 5. 6. 7 Net income for 2020 was $134,800. Cash dividends of $74,150 were declared and paid. Bonds payable amounting to $48,700 were redeemed for cash $48,700. Common stock was issued for $50.200 cash. Depreciation expense was $23,250. Sales revenue for the year was $976,200. Land was sold at cost, and equipment was purchased for cash. Prepare a worksheet for a statement of cash flows for 2020 using the indirect method. Enter the reconciling items directly on the worksheet (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es. (15.000L) Kingbird, Inc. Worksheet Statement of Cash Flows Reconciling Items Reconciling Items Balance 12/31/19 Debit Balance Sheet Accounts Debits Credit Cash Accounts receivable Inventory Land Equipment Total Credits Accumulated depreciation equipment Accounts payable Q Bonds payable Common stock Retained earning Total Statement of Cash Flow Effects > > > > >