Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. $ Save for Later Attempts: 0 of 2 used Submit Answer Additional information: 1. Net income for 2020 was $88,000. 2. Cash dividends of $34,000 were declared and paid. 3. Bonds payable amounting to $61,000 were redeemed for cash $61,000. 4. Common stock was issued for $44,000 cash. 5. Equipment that cost $50,000 and had a book value of $30,000 was sold for $38,000 during 2020 ; land was sold at cost