Condensed financial data of Teal Company for 2020 and 2019 are presented below. TEAL COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1.710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1.710 Accumulated depreciation (1.220) (1.190) Long-term investments (held-to-maturity] 1,320 1.440 $7.120 $6,380 $1,190 $890 210 260 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings 1,400 1,580 1.940 1,660 2.380 1.990 $7.120 $6,380 TEAL COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6.720 4,680 2.040 920 Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments 1,120 80 Income before tax 1.200 Income tax expense 550 Net income 650 Cash dividends 260 Income retained in business $390 Additional information: During the year, 570 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Pregere Set of cash flows using the Indirect method. (Show mounts that decrease cash flow with either as 15,000 parentheses. 115.0000 TEAL COMPANY Statement of Cash Flows (Indirect Method) Acrustments to reconcile net income to >>>> >