E17.15 Prepare a worksheet Comparative balance sheets for International Company are presented below. INTERNATIONAL COMPANY Comparative Balance Sheets December 31 2020 2019 Assets Cash $73,000 $22,000 Accounts receivable 85,000 76,000 Inventory 180,000 189,000 Land 75,000 100,000 Equipment 250,000 200,000 Accumulated depreciation - equipment (66,000) (42,000) Total $597,000 $545,000 Liabilities and Stockholders' Equity Accounts payable $34,000 $47,000 Bonds payable 150,000 200,000 Common Stock ($1 par) 214,000 164,000 Retained earnings 199,000 134,000 Total $597,000 $545,000 Additional information: Net income for 2020 was $135,000. Cash dividends of $70,000 were declared and paid. Bonds payable amounting to $50,000 were redeemed for cash $50,000. Common stock was issued for $50,000 cash. Depreciation expense was $24,000. 6. Sales for the year were $978,000. Instructions Prepare a worksheet for a statement of cash flows for 2020 using the indirect method. Enter the reconciling items directly on the worksheet, using letters to cross-reference each entry