Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $100,000. b. Dividends of $80,000 cash were declared and paid. c. The only noncash expense was $70,000 of depreciation. d. Purchased plant assets for $90,000 cash. e. Notes payable of $20,000 were issued for $20,000 cash. f. $50,000 increase in accounts receivable. g. $30,000 decrease in inventory. h. $10,000 decrease in accounts payable. SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2021 December 31, 2020 Analysis of Changes December Debit Credit 31, 2021 Balance Sheet-Debit Balance Accounts Cash $ 80,000 $ 210,000 $ 70,000 Accounts receivable 120,000 70,000 170,000 Inventory 250,000 20,000 220,000 Plant assets 600,000 70,000 690,000 $ 1,050,000 $ 1,150,000 Balance Sheet-Credit Balance Accounts Accumulated depreciation $ 100,000 70,000 170,000 Accounts payable 150,000 10,000 140,000 Notes payable 370,000 20,000 390,000 Common stock 200,000 200,000 Retained earnings 230,000 80,000 1,000,000 250,000 $ 1,050,000 $ 1,150,000 Statement of Cash Flows Operating activities Statement of Cash Flows Operating activities Net income 100,000 Depreciation expense 70,000 Increase in accounts receivable 70,000 Decrease in inventory 20,000 Decrease in accounts receivable 10,000 Investing activities Cash paid to purchase plant assets Financing activities Cash from issuance of notes payable Cash paid for dividends 20,000 70,000 80,000 $ 650,000 $ 1,340,000