Heading 1 Heading 2 Title Subtitle Paragraph Styles 11. The 2020 comparative balance sheet and income statement of D&B Hoovers follow. The company had no non-cash investing and financing transactions during 2020. During the year, there were no sales of land or equipment, no issuance of notes payable, and no repurchase of shares transactions. D&B Hoovers Comparative Balance Sheet As at December 31, 2010 and 2019 2,020 2,019 Difference? Current assets: Cash $ 5,300 27,600 17,600 $ 271900 83,000 2,500 87,200 1,900 Accounts receivable Inventory Prepaid expense Property, plant, and equipment Land Equipment, net Total assets 79,000 60,000 53,500 49,400 $ 262,700 $ 231,400 33,700 Current liabilities Accounts payable Salary payable Other accrued liabilities $ 35,800 $ 3,100 22,600 6,600 23,700 Heading 2 Title Paragraph Styles Accounts receivable 27,100 27,600 Inventory 83,000 87,200 Prepaid expense 2,500 1,900 Property, plant, and equipment Land 79,000 60,000 Equipment, net 53,500 49,400 Total assets $ 262,700 $ 231,400 Current liabilities Accounts payable $ 35,800 $ 33,700 Salary payable 3,100 6,600 Other accrued liabilities 22,600 23,700 Long-term liabilities: Notes payable 85,000 100,000 Shareholders' equity: Common shares 88,300 64,700 Retained earnings 27,900 2,700 Total liablities & shareholders' equity $ 262,700 $ 231,400 D&B Hoovers Income Statement For the Year Ended December 31, 2020 Sales revenue $ 228,700 Expenses: Cost of goods sold $ 70,600 Salary expense 27,800 Depreciation expense 4,000 Other operating expense 10,500 Interest expense 11,600 Income tax expense 25,000 Total expenses 149,500 Net income $ 79,200 Required: Prepare the 2020 statement of cash flows, formatting operating activities by using the indirect method