Condensed financial data ofBlueCompany for 2020 and 2019 are presented below.

BLUECOMPANY

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

Accounts payable

$1,190

$890

Accrued liabilities

210

260

Bonds payable

1,400

1,580

Common stock

1,940

1,660

Retained earnings

2,380

1,990

$7,120

$6,380

BLUECOMPANY

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 2020

Sales revenue

$6,720

Cost of goods sold

4,680

Gross margin

2,040

Selling and administrative expenses

920

Income from operations

1,120

Other revenues and gains

Gain on sale of investments

80

Income before tax

1,200

Income tax expense

550

Net income

650Cash dividends

260

Income retained in business

$390

Additional information:

During the year, $70of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

Prepare 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).)

BLUECOMPANY

Statement of Cash Flows

choose the accounting period

December 31, 2020

For the Year Ended December 31, 2020

For the Quarter Ended December 31, 2020

(Direct Method)

select an opening name for section one

Cash at Beginning of Period

Cash at End of Period

Cash Flows from Financing Activities

Cash Flows from Investing Activities

Cash Flows from Operating Activities

Net Cash Provided by Financing Activities

Net Cash Provided by Investing Activities

Net Cash Provided by Operating Activities

Net Cash Used by Financing Activities

Net Cash Used by Investing Activities

Net Cash Used by Operating Activities

Net Decrease in Cash

Net Increase in Cash

Noncash Investing and Financing Activities

select an item

Cash Paid for Income Taxes

Redemption of Bonds Payable

Payment of Cash Dividends

Sale of Investments

Cash Receipts from Customers

Cash Paid for Selling/Administrative Expenses

Cash Paid for Merchandise

Issuance of Capital Stock

Purchase of Plant Assets

Issuance of Common Stock for Plant Assets