Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. MIGITSU...

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Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. MIGITSU COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,000 $22,000 Accounts receivable 86,000 78,000 Inventories 172,000 190,000 Land 71,000 99,000 Equipment 260,000 200,000 Accumulated depreciation (66.000) (29,000) Total $595,000 $560,000 Liabilities and Stockholders' Equity Accounts payable $34,000 $50,000 Bonds able 149.000 210.000 Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. MIGITSU COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,000 $22,000 Accounts receivable 86,000 78,000 Inventories 172,000 190,000 Land 71,000 99,000 Equipment 260,000 200,000 Accumulated depreciation (66.000) (29,000) Total $595,000 $560,000 Liabilities and Stockholders' Equity Accounts payable $34,000 $50,000 Bonds able 149.000 210.000