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Condensed financial data of Montu C ramman.e.unman ted below. MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Gross margin $6,8104,6802,130

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Condensed financial data of Montu C ramman.e.unman ted below. MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Gross margin $6,8104,6802,130 SellingandadministrativeexpensesIncomefromoperations9201,210 Other revenues and gains Gain on sale of investments Income before tax 1,29080 Income tax expense Net income 760530 Cash dividends Income retained in business 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.8. 15,000 or in parenthesis e.g. (15,000).) Condensed financial data of Montu C ramman.e.unman ted below. MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Gross margin $6,8104,6802,130 SellingandadministrativeexpensesIncomefromoperations9201,210 Other revenues and gains Gain on sale of investments Income before tax 1,29080 Income tax expense Net income 760530 Cash dividends Income retained in business 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.8. 15,000 or in parenthesis e.g. (15,000).)

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