Condensed financial data of Larkspur Company for 2020 and 2019 are presented below. LARKSPUR COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) $1,830 1,770 1,620 1,940 (1,190) 1,300 $7,270 $1,130 1,290 1,920 1,680 (1,170) 1,410 $6,260 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 210 1,420 1,890 2,530 $7,270 $910 260 1,530 1,710 1,850 $6.260 LARKSPUR COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,100 Cost of goods sold 4,760 Gross margin 2,340 Selling and administrative expenses 930 Income from operations 1,410 Other revenues and gains Gain on sale of investments 80 Income before tax 1,490 Income tax expense 550 Net income 940 Cash dividends 260 Income retained in business $680 Additional information: During the year, $80 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).) LARKSPUR COMPANY Statement of Cash Flows (Direct Method) Cash Flows from Operating Activities $ $ > $ $