Current Attempt in Progress Condensed financial data of Blue Company for 2020 and 2019 are presented below. BLUE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,820 $1,140 Receivables 1,780 1,290 Inventory 1,590 1,860 Plant assets 1,870 1,710 Accumulated depreciation (1,220) (1,150) Long-term investments (held-to-maturity) 1,270 1,420 $7,110 $6,270 Accounts payable $1,170 $880 Accrued liabilities 210 240 Bonds payable 1,390 1,580 Common stock 1,930 1,680 Retained earnings 2,410 1,890 $7,110 $6,270 BLUE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business * 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 e.g. -15,000 or in parenthesis e.g. (15,000).)