Consolidated Statement of Cash Flows Here are the consolidated financial statements of Post Ranch Resort and its 70 percent owned subsidiary, Sandpearl, for the year ended December 31, 2020, plus supplementary information. Comparative balance sheets are provided for 2019 and 2020. Consolidated Balance Sheets December 31 2020 2019 Cash $150,000 $113,000 Receivables 325,000 310,000 Inventories 1,400,000 1,450,000 Equity method investments 200,000 192,000 Property, plant and equipment, net 5,000,000 4,700,000 Goodwill 3,000,000 3,080,000 Total assets $10,075,000 $9,845,000 Current liabilities $450,000 $425,000 Long-term liabilities 8,200,000 8,120,000 Shareholders equity to Post Ranch 1,185,000 1,135,000 Noncontrolling interest in Sandpear 240,000 165,000 Total liabilities and equity $10,075,000 $9,845,000 Consolidated Income Statement Sales and other income $250,000,000 Cost of sales (170,000,000) Operating expenses (79,800,000) Consolidated net income 200,000 Noncontrolling interest in net income (90,000) Net income to controlling interest $110,000 Supplementary information for 2020: 1. Sandpearl paid $50,000 in cash dividends. Post Ranch paid $60,000 in cash dividends. 2. Operating expenses include depreciation expense of $250,000 and goodwill impairment losses of $80,000. 3. Sales and other income includes $50,000 gain on sale of property, plant and equipment and $10,000 equity in net income from equity method investees. Cash dividends received from equity method investees were $2,000. 4. Accumulated depreciation balances on December 31, 2020 and 2019 were $1,200,000 and $1,100,000, respectively. 5. Property, plant and equipment of $1,000,000 was purchased for cash. Required Prepare Post Ranchs consolidated statement of cash flows for 2020, in good form. Use the indirect approach to display cash from operating activities. Use a negative sign with answers to indicate a decrease/reduction in cash.