Condensed financial data of Bonita Company for 2020 and 2019 are presented below. BONITA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 Cash $1,780 Receivables 1,760 Inventory 1,570 Plant assets 1,890 Accumulated depreciation (1,190) Long-term investments (held-to-maturity) 1,280 $7,090 2019 $1,140 1,310 1,900 1,720 (1,150 ) 1,410 $6,330 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 210 1,430 1,940 2,290 $7,090 $890 250 1,540 1,730 1,920 $6,330 BONITA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business $6,670 4,640 2,030 930 1,100 80 1,180 550 $370 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 flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BONITA COMPANY Statement of Cash Flows Direct Method)