Condensed financial data of Crane Company for 2020 and 2019 are presented below. CRANE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,810 \( \begin{array}{lr}\text { Cost of goods sold } & 4,680 \\ { } } & 2,130\end{array} \) SellingandadministrativeexpensesIncomefromoperations9201,210 Other revenues and gains \begin{tabular}{lr} Gain on sale of investments & 80 \\ \cline { 2 - 2 } Income before tax & 1,290 \\ Income tax expense & 530 \\ Net income & 760 \\ Cash dividends & 260 \\ Income retained in business & $500 \\ \hline \end{tabular} Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets wer sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.z. -15.000 or in parenthesis e.8. (15,000).) CRANE COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 (Indirect Method) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities ^ Depreciation Expense Gain on Sale of Investments Decrease in Inventory Increase in Accounts Payable Increase in Accounts Receivable Cash Flows from Financing Activities Issuance of Common Stock for Plant Assets Redemption of Bonds Payable Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Noncash Investing and Financing Activities : Issuance of Common Stock for Plant Assets * $ Condensed financial data of Crane Company for 2020 and 2019 are presented below. CRANE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,810 \( \begin{array}{lr}\text { Cost of goods sold } & 4,680 \\ { } } & 2,130\end{array} \) SellingandadministrativeexpensesIncomefromoperations9201,210 Other revenues and gains \begin{tabular}{lr} Gain on sale of investments & 80 \\ \cline { 2 - 2 } Income before tax & 1,290 \\ Income tax expense & 530 \\ Net income & 760 \\ Cash dividends & 260 \\ Income retained in business & $500 \\ \hline \end{tabular} Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets wer sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.z. -15.000 or in parenthesis e.8. (15,000).) CRANE COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 (Indirect Method) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities ^ Depreciation Expense Gain on Sale of Investments Decrease in Inventory Increase in Accounts Payable Increase in Accounts Receivable Cash Flows from Financing Activities Issuance of Common Stock for Plant Assets Redemption of Bonds Payable Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Noncash Investing and Financing Activities : Issuance of Common Stock for Plant Assets * $