Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. 75,000 21,000

Comparative Balance Sheets December 31 Additional information: 1. Net income for 2020 was $107,000. 2. Cash dividends of $32,000 were declared and paid. 3. Bonds payable amounting to $57,000 were redeemed for cash $57,000. 4. Common stock was issued for $42,000 cash. 5. Equipment that cost $50,000 and had a book value of $30,000 was sotd for $37,000 during 2020 ; land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease 15.000 or in darenthesis e. (15,000).) Decrease in Inventory \begin{tabular}{|r|} \hline 20000 \\ \hline \end{tabular} Decrease in Accounts Payable \begin{tabular}{|r|} \hline16000 \\ \hline \end{tabular} Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Sale of Land Purchase of Equipment Net Cash Used by investing Activities Cash Flows from Financing Activities Issuance of Common Stock \begin{tabular}{|r|} \hline 42000 \\ \hline \end{tabular} Redemption of Bonds \begin{tabular}{|l|} \hline57000 \\ \hline \end{tabular} Payment of Cash Dividends Net Cash Used by Financing Activities. Net Increase in Cash Cash at Beginning of Period Cash at End of Period \begin{tabular}{|ll|} \hline 21000 \\ \hline$5000 \\ \hline \end{tabular}