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Condensed financial data of Wildhorse Company for 2020 and 2019 are presented below. begin{tabular}{lcc} Common stock & 1,410 & 1,520 Retained earnings & 1,870

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Condensed financial data of Wildhorse Company for 2020 and 2019 are presented below. \begin{tabular}{lcc} Common stock & 1,410 & 1,520 \\ Retained earnings & 1,870 & 1,730 \\ & 2,420 & 1,900 \\ \hline$7,110 & $6,290 \\ \hline \end{tabular} WILDHORSE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,860 CostofgoodssoldGrossmargin4,7102,150 SellingandadministrativeexpensesIncomefromoperations9201,230 Other revenues and gains Gain on sale of investments Income before tax 1,31080 Income tax expense Net income 780 Cash dividends 260 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 esg, - 15,000 or in parenthesis eg. (15,000). Adjustments to reconcile net income to 5

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