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Condensed financial data of Bramble Company for 2020 and 2019 are presented below. Retained earnings BRAMBLE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31,

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Condensed financial data of Bramble Company for 2020 and 2019 are presented below. Retained earnings BRAMBLE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,930 Cost of goods sold Gross margin 2,2604,670 \begin{tabular}{lr} Selling and administrative expenses & 940 \\ \cline { 2 - 2 } Income from operations & 1,320 \end{tabular} Other revenues and gains Gain on sale of investments Income before tax 1,40080 Income tax expense Net income 850550 Cash dividends 260 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).) $ eTextbook and Media

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