December 31 2020 2019 Cash $33,200 $13,000 Accounts receivable 12,200 10,100 Inventory 12.100 8,900 Available-for-sale debt investments -0- 2,900 Buildings -0- 30,100 Equipment 45,300 20,200 Patents 5,000 6,300 $107,800 $91.500 Allowance for doubtful accounts $3,000 $4,500 Accumulated depreciation equipment 2.000 4,500 Accumulated depreciation-building -0- 6.000 Accounts payable 5.000 2,900 Dividends payable -0- 5,000 Notes payable, short-term (nontrade) 3,000 4,000 Long-term notes payable 31,000 25,000 Common stock 43,000 33.000 Retained earnings 20,800 6,600 $107,800 $91,500 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 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 $5,000. 4. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,300 (net of $2,000 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. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment 8. Interest of $2,000 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 e.g.-15,000 or in parenthesis eg. (15,000).) PEARL CORPORATION Statement of Cash Flows Adjustments to reconcile net income to $