Following is the comparative statement of financial position and income statement for Crane Corporation: Crane Corporation Statement of Financial Position As at December 31 Assets 2020 2019 Cash 600,450 300,150 Accounts receivable 149,850 175,600 Inventory 751,100 500,800 25,100 30,200 Prepaid expenses 350,950 Long term investments 250,950 Equipment 1,875,850 1,800,850 Less: Accumulated depreciation (149,050) (80,000) 3,604,250 2.978,550 Less: Accumulated depreciation (149,050) (80,000) 3,604,250 2,978,550 Liabilities and Shareholders' Equity Accounts payable 225,850 200,950 Income tax payable 24,450 30,200 Bonds payable 100,450 250,150 Common shares 1,401,550 1,200,600 Retained earnings 1,851,950 1,296,650 3,604,250 2,978,550 Less: Accumulated depreciation (149,050) (80,000) 3,604,250 2,978,550 Liabilities and Shareholders' Equity Accounts payable 225,850 200,950 Income tax payable 24,450 30,200 Bonds payable 100,450 250,150 Common shares 1,401,550 1,200,600 Retained earnings 1,851,950 1,296,650 3,604,250 2,978,550 Crane Corporation Income Statement For the year ended December 31, 2020 Sales revenue $2,090,000 Cost of goods sold 880,000 Gross profit 1,210,000 400,000 Operating expenses Y Irteome from operations 810,000 Interest expense 30,000 Gain on disposal of equipment 20,300 Income before income tax 800,300 Income tax expense 120,000 Net income $680,300 Depreciation expense of $113,100 is included in the operating expenses. Prepare the operating activities section of the statement of cash flows, using the direct method. (Show amounts that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.g. (15,000)) Crane Corporation Partial Statement of Cash Flows