Here are comparative balance sheets for Velo Company. 2019 Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $ 63,000 Accounts receivable 85,000 Inventory 170,000 Land 75,000 Equipment 270,000 Accumulated depreciation equipment (66,000) Total $597,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 Bonds payable 150,000 Common stock ($1 par) 216,000 Retained earnings 192,000 Total $597,000 $ 22,000 76,000 189,000 100,000 200,000 (32,000) $555,000 $ 47,000 200,000 174,000 134,000 $555,000 Additional information: 1. Net income for 2020 was $93,000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2020, but 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 e.g. -15,000, or in parenthesis Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).) Velo Company Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work