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

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).)

SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 Cash $1,780 Receivables 1,760 Inventory 1,620 Plant assets 1,910 Accumulated depreciation (1,210 ) Long-term investments (held-to-maturity) 1,330 $7,190 2019 $1,170 1,280 1,880 1,670 (1,160) 1,440 $6,280 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,230 210 1,370 1,920 2,460 $7,190 $920 250 1,560 1,680 1,870 $6,280 SWIFTY 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 Income retained in business $6,820 4,600 2,220 910 1,310 80 1,390 540 850 260 $590 SWIFTY COMPANY Statement of Cash Flows (Direct Method) $ mur