Condensed financial data of Sheridan Company for 2020 and 2019 are presented below. SHERIDAN COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,810 $1,160 Receivables 1,740 1,310 Inventory 1,630 1,890 Plant assets Accumulated depreciation 1,910 1,720 (1,220) (1,180) 1,280 1,420 $7,150 $6,320 Long-term investments (held-to-maturity) Accounts payable $1,220 $920 Accrued liabilities 190 240 Bonds payable Common stock 1,420 1,940 2,380 $7,150 1,580 1,730 1,850 $6,320 Retained earnings SHERIDAN COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,960 Cost of goods sold 4,780 Gross margin 2,180 Selling and administrative expenses 920 Income from operations 1,260 Other revenues and gains Gain on sale of investments 80 Income before tax 1,340 Income tax expense 550 Net income 790 Cash dividends 260 Income retained in business $530 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).) SHERIDAN COMPANY Statement of Cash Flows (Indirect Method) $ Adjustments to reconcile net income to