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Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. Additional information: Additional information: 1. Net income for 2020 was

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Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. Additional information: Additional information: 1. Net income for 2020 was $98,000. 2. Cash dividends of $37,000 were declared and paid. 3. Bonds payable amounting to $58,000 were redeemed for cash $58,000. 4. Commonstock was issued for $41.000cash. 5. Equipment that cost $49,000 and had a book value of $29.400 was sold for $35,400 during 2020; land was sold at cost. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign -15,000 or in parenthesis es. (15,000))

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