Condensed financial data of Cheyenne Company for 2020 and 2019 are presented below. CHEYENNE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,790 $1,140 Receivables 1,750 1,290 Inventory 1,590 1,900 Plant assets 1,920 1,740 Accumulated depreciation (1,170) (1,150 Long-term investments (held-to-maturity) 1,320 1,420 $7,200 $6,340 Accounts payable $1,220 $880 Accrued liabilities 200 250 Bonds payable 1.400 1.530 Common stock 1,940 1,700 Retained earnings 2,440 1,980 $7,200 $6,340 CHEYENNE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,770 Cost of goods sold 4,660 Gross margin 2,110 Selling and administrative expenses 930 Income from operations 1,180 Other revenues and gains Gain on sale of investments 80 Income before tax 1,260 Income tax expense 540 Net income 720 Cash dividends 260 Income retained in business $460 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 decr with either a - sign e g.-15,000 or in parenthesis eg. (15,000).) CHEYENNE COMPANY Statement of Cash Flows (Direct Method) S $ v A 9 $ > > > > > A > >