Condensed financial data of Sheffield Company for 2020 and 2019 are presented below. SHEFFIELD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) $1,810 1,790 1,570 1,870 (1,230) 1,300 $7,110 2019 $1,120 1,330 1,940 1,740 (1,150 ) 1,440 $6,420 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 200 1,370 1,860 2,460 $7,110 $910 260 1,550 1,740 1,960 $6,420 SHEFFIELD 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 $6,810 4,680 2,130 920 1,210 80 1,290 530 760 260 Income retained in business $500 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).) 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).) SHEFFIELD COMPANY Statement of Cash Flows A For the Year Ended December 31, 2020 (Direct Method) Cash Flows from Operating Activities | Cash Receipts from Customers x LINK TO TEXT