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 Cash $1.830 Receivables 1.720 Inventory 1.610 Plant assets 1.870 Accumulated depreciation (1.210) Long-term investments (held-to-maturity 1.270 $7.090 2019 $1,140 1,280 1,900 1.690 (1,190) 1,410 $6,230 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1230 200 1410 1.880 2.370 $7.090 $910 250 1.540 1,710 1,820 $6,230 TEAL COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,880 Cost of goods sold 4.680 Gross margin 2,200 Selling and administrative expenses 930 Income from operations 1,270 Other revenues and gains Gain on sale of investments 80 Income before tax 1,350 Income tax expense 540 Net income 810 Cash dividends 260 Income retained in business $550 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 eg -15,000 or in parenthesis es (15,000 TEAL COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 (Direct Method)