Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $73,400 86,000 170,300 72,600 260,500 (65,700 ) $597,100 $33,100 71,500 186,900 100,000 199,300 (33,700 ) $557,100 Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $35,300 150,600 216,200 195,000 $597,100 $46,500 204,000 175,500 131,100 $557,100 Additional information: 1. 2. 3. Net income for 2020 was $ 101,200. Cash dividends of $37,300 were declared and paid. Bonds payable amounting to $53,400 were redeemed for cash $53,400. Common stock was issued for $40,700 cash. No equipment was sold during 2020, but land was sold at cost. 4. 5. 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 $ . $