ed of The financial statements of Random Inc appear below RANDOM INC. Comparative Balance Sheet December 31 stion 2020 2019 Assets Cash 38,000 25,000 Accounts receivable 115,000 108,000 Inventory 428,000 465,000 Property, plant and equipment 753,000 805,000 Accumulated depreciation 380,000 333,000 Total assets 954.000 1070.000 954.000 1070.000 Liabilities & Shareholders' Equity Accounts payable 45.000 73,000 Income taxes payable 21.000 18,000 Bonds payable 822,000 860,000 Common shares, 10,000 shares issued 60,000 45,000 Retained earnings 6.000 74000 Total liabilities and shareholders equity 954000 1.070,000 RANDOM INC Income Statement Year Ended December 31, 2020 Sales 5944000 Cost of goods sold Gross profit 323.000 Operating expenses 281.000 Profit from operations 42,000 Interest expense 15,000 Loss on sale of equipment 12.000 Income tax expense Net loss 21.000 $6.000 The following additional data were provided: 1. During the year, equipment was sold. This equipment cost $75,000 originally and had a carrying amount of $32,000 at the time of sale. 2. During the year, replacement equipment was purchased for $25,000 cash 3. All depreciation expense is in the operating expenses category. 4. All sales and purchases are on account 5. Accounts payable pertain to merchandise suppliers, 6. All operating expenses except for depreciation were paid in cash. Instructions a) Prepare a cash flow statement for RANDOM Inc., using the direct method or indirect method. ***SHOW YOUR WORK FOR PARTIAL MARKS!!! ***