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

GROUPER COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1.780 $1.140 Receivables 1.760 1.310 Inventory 1.570 1.900 Plant assets 1.890 1.720 Accumulated depreciation (1.190] (1.150] Long-to rm investments {held-to-maturity) 1.280 1.410 $7.090 $6.330 Accounts payable $1.220 $890 Accrued liabilities 210 250 Bonds payable 1.430 1.540 Common stock 1.940 1.730 Retained earnings 2.290 1.920 $7.090 $6.330 GROUPER COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to $ 4 0 $ $GROUPER COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,670 Cost of goods sold 4,640 Gross margin 2,030 Selling and administrative expenses 930 Income from operations 1,100 Other revenues and gains Gain on sale of investments 80 Income before tax 1,180 Income tax expense 550 Net income 630 Cash dividends 260 Income retained in business $370 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 e.g. -15,000 or in parenthesis e.g. (15,000).)