Condensed financial data of Crane Company for 2020 and 2019 are presented below. CRANE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,790 $1,150 Receivables Inventory 1,780 1,330. 1,620 1,890. Plant assets 1,930 1,700 Accumulated depreciation (1,200) (1.180) Long-term investments (held-to-maturity) 1.310 1,420 $7.230 $6,310 Accounts payable $1,210 $920 Accrued liabilities 210 240 Bonds payable 1,370 1,530 Common stock 1,860 1,670 Retained earnings 2,580 1,950 $7,230 $6,310 CRANE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,970 Cost of goods sold 4,680 Gross margin 2,290 Selling and administrative expenses 940 Income from operations Other revenues and gains 1,350 Gain on sale of investments 80 Income before tax 1,430 Income tax expense 540 Net income 890 Cash dividends 260 Income retained in business $630 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 indirect method. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis eg (15,000).) Adjustments to reconcile net income to Statement of Cash Flows (Indirect Method) eTextbook and Media Save for Later Attempts: 0 of 5 used Submit