Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flowsindirect method. MIGITSU COMPANYComparative Balance SheetsDecember $31$Assets $20202019$Cash $ $73,000$ $ $22,000$ Accounts receivable $87,00076,000$Inventories $170,000191,000$Land $72,000100,000$Equipment $260,000200,000$Accumulated depreciation $(66,000)(32,000)$Total $$596,000$ $$557,000$ Liabilities and Stockholders Equity Accounts payable $ $37,000$ $ $47,000$ Bonds payable $150,000210,000$Common stock $($$$1$ par$)216,000174,000$Retained earnings $193,000126,000$Total $$596,000$ $$557,000$