Here are comparative balance sheets for Sheffield Company. Prepare a statement of cash flows-indirect method. Cash Accounts receivable Inventory Land Equipment Accumulated depreciation - equipment Tota Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock ($1par) Retained earnings 2 SHEFFIELD COMPANY Comparative Balance Sheets December 31 Tota Additional information: 5. Net Income 2020 Adjustments to reconcila net income ta $74,000 > 85.000 168,000 72,000 $36.000 2019 219.000 184.000 $22,000 75,000 190,000 102,000 251,000 167.000 $593,000 $559,000 202.000 [32,000) Net income for 2020 was $98.000 Cash dividends of $37.000 were declared and paid. 3. Bonds payable amounting to $61,000 ware redeamed for cash $61,000. 4 Common stockwas issued for $44,000 cash Equipment that cost $49,000 and had a book value of $24,000 was sold for $32,000 during 2020; land was sold at cost. $48.000 213,000 175,000 123,000 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. (15,000L) $590.000 $559,000 SHEFFIELD COMPANY Statement of Cash Flows

Addational informatiot 4. Carnman stack was lanued for $44000 cash. (a)