Condensed financial data of Headland Company for 2020 and 2019 are presented below. Accounts payable Accrued liabilities Bonds payable Common stock \begin{tabular}{rrr} $1,190 & & $890 \\ 210 & 260 \\ 1,400 & 1,580 \\ 1,940 & & 1,660 \\ 2,380 & & 1,990 \\ \hline$77,120 & & $5,380 \\ \hline \hline \end{tabular} HEADLAND COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 \begin{tabular}{lr} Cost of goods sold & 4,680 \\ \cline { 2 - 2 } Gross margin & 2,040 \end{tabular} \begin{tabular}{lr} Selling and administrative expenses & 920 \\ \cline { 2 - 2 } Income from operations & 1,120 \end{tabular} Other revenues and gains Gain on sale of investments Income before tax 1,20080 Income tax expense Net income 650550 Cash dividends Income retained in business 260390 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 e.g. -15,000 or in parenthesis e.g. (15,000).) HEADLAND COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to $ $