Condensed financial data of Pat Metheny Company for 2020 and 2019 are presented 2019 PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 Cash $1,800 Receivables 1,750 Inventory 1,600 Plant assets 1,900 Accumulated depreciation (1,200 ) Long-term investments (held-to-maturity) 1,300 $7,150 $1,150 1,300 1,900 1,700 (1,170 ) 1,420 $6,300 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,200 200 1,400 1,900 2,450 $7,150 $900 250 1,550 1,700 1,900 $6,300 PAT METHENY 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 $6,900 4,700 2,200 930 1,270 80 Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business 1,350 540 810 260 $550 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).) PAT METHENY COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to > | > > > > | S >