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 $1,790 $1,150 Receivables 1,780 1,330 Inventory 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 Accrued liabilities Bonds payable Common stock Retained earnings $1,210 210 1,370 1,860 2,580 $7,230 $920 240 1,530 1,670 1,950 $6,310 LARKSPUR COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business $6,970 4,680 2,290 940 1,350 80 1,430 540 890 260 $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 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 V (Direct Method) A