Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,900 85,800 170,100 73,700 259,700 (66,200) $596,000 $32,600 71,300 186,800 100,200 200,200 (33,700) $557.400 $35,000 151.000 216,400 193,600 $596,000 $46,700 204,000 175.500 133,200 $557,400 Additional information: 1. Net Income for 2020 was $102,800. 2. Cash dividends of $40,400 were declared and paid 3. Bonds payable amounting to $53,000 were redeemed for cash $53,000 4. Common stock was issued for $40,000 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the Indirect method. (Show amounts that decrease cash flow with either - signe.. MacBook Pro The I'm I: BOADABAD Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts te Velo Company Statement of Cash Flows For the Year Ended December 31, 2020 - Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash at Beginning of Period Increase in Accounts Receivable Decrease in Inventory Depreciation Expense Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Redemption of Bonds Payment of Cash Dividends Issuance of Common Stock Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Click If you would like to Show Work for this question: Open Show Work LINK TO TEXT