Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. Assets Cash Accounts receivable Inventories MIGITSU COMPANY Comparative Balance Sheets December 31 Land Equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 1. Net income for 2020 was $87,000. 2020 $73,000 89,000 170,000 71,000 260,000 (66,000) $597,000 $41,000 151,000 215,000 190,000 $597,000 2019 $23,000 76,000 189,000 101,000 198,000 (29,000) $558,000 $43,000 209,000 173.000 133,000 $558,000 2. Cash dividends of $30,000 were declared and paid. 3. Bonds payable amounting to $58,000 were redeemed for cash $58,000. 4. Common stock was issued for $42,000 cash. 5. Equipment that cost $45,000 and had a book value of $27,000 was sold for $33,000 during 2020; land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign eg -15.000 or in parenthesis eg. (15.000)) Adjustments to reconcile net income to Save for Laner >