December 31 2020 2019 $33,100 $13,000 12,300 10,100 11,900 8,900 Cash Accounts receivable Inventory Available for-sale debt investments Buildings Equipment Patents -0- 3,100 -0-29,500 45,300 19.800 5.100 6,300 $107,700 $90,700 $2,900 $4,500 2,000 4,500 -- 6,000 Allowance for doubtful accounts Accumulated depreciation -equipment Accumulated depreciation -building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common 5,100 -- 3,100 4,900 3,000 4,000 31,000 25,000 Stock Retained earnings 43,000 33,000 20,700 5,700 $107,700 $90,700 Additional data related to 2020 are as follows. 1. Equipment that had cost $10.900 and was 40% depreciated at time of disposal was sold for $2,500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $4,900. 4. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,200 (net of $1,900 taxes) 5. Debt investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $1.900 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign .g.-15,000 or in parenthesis e.g. (15,000).) CHEYENNE CORPORATTON Statement of Cash Flows Adjustments to reconcile et Income to Supplemental disclosures of cash flow information