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. (15,000 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 Bonds payable Common stock Retained earnings Total Statement of Cash Flow Effects > > > >