Condensed financial data of Pronghorn Company for 2020 and 2019 are presented below.

PRONGHORN COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019
		2020			2019
Cash		$1,770			$1,170
Receivables		1,790			1,320
Inventory		1,610			1,940
Plant assets		1,910			1,680
Accumulated depreciation		(1,200	)		(1,190	)
Long-term investments (held-to-maturity)		1,300			1,420
		$7,180			$6,340
Accounts payable		$1,210			$910
Accrued liabilities		200			240
Bonds payable		1,370			1,560
Common stock		1,880			1,740
Retained earnings		2,520			1,890
		$7,180			$6,340

PRONGHORN COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue		$7,010
Cost of goods sold		4,730
Gross margin		2,280
Selling and administrative expenses		930
Income from operations		1,350
Other revenues and gains
Gain on sale of investments		80
Income before tax		1,430
Income tax expense		540
Net income		890
Cash dividends		260
Income retained in business		$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.