Condensed financial data of Sunland Company for 2020 and 2019 are presented below. SUNLAND COMPANY COM%RAT'VE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to -maturity) Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings SUNLAND COMPANY INCO*STATEMENT 2020 $1,760 1,740 1,640 1890 (1280 37,030 31200 1 gao 1,870 2,390 37,030 2019 Sl.130 1270 (1,150 ) $920 120 1,870 FOR THE YEAR ENDED DECEMBER 31, 2020 Seles revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business Additional information: 36970 4780 2,190 1260 sso SS 20 Duringthe year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020 Prepare statement of cash flows using the direct method. in the investing sections that decrease cash flow With either a - sign e.g. or in parenthesis e.g. (15,