Here are comparative statements of financial position for Windsor SE Syal SE Comparative Statements of Financial Position December 31 Assets 2020 2019 Land 73,400 101.400 Equipment 260,900 199,500 Accumulated depreciation-equipment (66,000 1 (34,100) Inventory 169,700 187,400 Accounts receivable 86,400 70,700 Cash 72.800 32,900 Total 597.200 557,800 Equity and Liabilities Share capital-ordinary (E1 par) 214,500 174,800 Retained earnings 198,500 132,300 Bonds payable 148,800 203,700 Accounts payable 35,400 47,000 MUCOBUIEU VEU Accounts payable Total Additional information: 35,400 47,000 597,200 557,800 1 Net income for 2020 was 101,600. 2 Depreciation expense was 31,900. 3 Cash dividends of C35,400 were declared and paid. 4. Bonds payable amounting to 54,900 were redeemed for cash 54,900 5. Common stock was issued for 39,700 cash 6. No equipment was sold during 2020. 7. Land was sold for its book value of 28,000 -115 Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign es -15,000, or in parenthesis eg. (15,0001) WINDSOR SE Statement of Cash Flows For the Year Ended December 31, 2020 1832 42C Sunny For the Year Ended Decentier 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash at Beginning of Period Depreciation Expense Decrease in Accounts Receivable Increase in Inventory Redemption of Bonds Cash at End of Period Cash Flows from investing Activities 31900 301600 ING 1832 03/06/2022 Question 6 of 6 Sale of Equipent Pechme of Equipment Net Cash Used by Operating Activities Cash Flows from Financing Activities /15 1 1832