Dakley Company appear below. Oakley Company Comparative Balance Sheets December 31 Assets 2020 Cash $81,200 Accounts receivable 90,900 Inventory 124,800 Investments 84,900 Equipment 259,000 Accumulated depreciation-equipment (50,300) $590,500 2019 $46,300 56,400 100,700 87,000 208,000 (41,000) $457,400 $48,200 18,900 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $57,600 11,800 99,000 255,000 167.100 $590.500 69.000 198,000 123,300 $457.400 Oakley Company Income Statement For the Year Ended December 31, 2020 Sales revenue Gain on disposal of plant assets $294,600 8,000 302,600 $101,000 13,400 Less: Cost of goods sold Operating expenses (excluding depreciation expense) Depreciation expense Income tax expense Interest expense Net income 50,200 7,100 2,700 174.400 $128,200 Additional information: 1. 2. Equipment costing $98,000 was purchased for cash during the year. Investments were sold at cost. Equipment costing $47,000 was sold for $14,100, resulting in gain of $8,000. A cash dividend of $84,400 was declared and paid during the year. 3. 4. Prepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns. (Show details of retained earnings and accumulated depreciation, do not net) 1 0 Question 3 of 3 OAKLEY COMPANY Worksheet --Statement of Cash Flows . Reconciling Items Balance 12/31/19 Debit Balance Sheet Accounts Debits Totals Credits Statement of Cash Flow Effects a . Total