Condensed financial data of Marigold Corp.follow. Marigold Corp. Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 112,900 $ 47,100 Accounts receivable 92,100 32,000 Inventory 112,500 102,200 Prepaid expenses 29,200 25,400 140,500 115,000 Investments Equipment 264,100 242,000 Accumulated depreciation-equipment (46,900) (51,800) Total $ 704,400 $ 511,900 Liabilities and Stockholders' Equity Accounts payable $ 111,000 $67.700 $ 111,000 $ 67.700 16,000 17,300 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings 113.300 149.400 220,600 176,000 243,500 101,500 Total $ 704,400 $ 511,900 Marigold Corp. Income Statement For the Year Ended December 31, 2020 Sales revenue $391,000 Less: Cost of goods sold $134,400 Operating expenses, excluding depreciation 12,400 Marigold Corp. Income Statement For the Year Ended December 31, 2020 Sales revenue $ 391,000 Less: $ 134,400 Cost of goods sold Operating expenses, excluding depreciation 12,400 33,400 27,600 Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets 4,200 7,500 219,500 Net income $ 171,500 Additional information: Additional information: 1 2 New equipment costing $ 80,900 was purchased for cash during the year. Old equipment having an original cost of $ 58,800 was sold for $ 13,000 cash Bonds matured and were paid off at face value for cash. A cash dividend of $ 29,500 was declared and paid during the year. 3 4. 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 e.g. (15,000).) Marigold Corp. Statement of Cash Flows Adjustments to reconcile net income to