Illuall AML ENGAGE Leviathan Manufacturing makes and sells integrated circuit boards. At the end of 2020, the income statement and comparative balance sheet were prepared as shown below. Leviathan Manufacturing Balance Sheet As at December 31 2020 2019 Assets Current Assets Cash $208,075 $123,300 Accounts Receivable $230,600 $251.100 Merchandise Inventory 5511,500 $450,600 Prepaid Expenses $24,200 $24,200 Total Current Assets $974.375 $849.200 Long-Term Assets Land $19.000 Equipment $335,600 $335,600 Less: Accumulated Depreciation 5-100,100 $.94,100 Total Long-Term Assets $235,500 $260,500 Total Assets $1.209.875 $1,109,700 Liabilities Current Liabilities Accounts Payable $313,800 $321,200 Notes Payable, Current Portion $32,400 $22,800 Total Current Liabilities $346,200 $344,000 Notes Payable, Long-Term Portion $212,700 $196,200 Total Liabilities $558,900 $540,200 Shareholders' Equity Common Shares $285,000 $259,000 Retained Earnings $365,975 $310,500 Total Shareholders' Equity $650,975 5569,500 Total Liabilities and Equity $1,209,875 $1,109,700 Additional Information: IICIIuall ME CINGAGE Additional Information: During 2020, land was sold for a loss of $5,000. There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable Leviathan Manufacturing Income Statement For the Year Ended December 31, 2020 Sales $2,154,000 Cost of Goods Sold $1,292,400 Gross Profit $861,600 Operating Expenses Depreciation Expense $6.000 Other Operating Expenses $689.100 Total Operating Expenses $695,100 Income from Operations $166,500 Other Income and Expenses Loss on Sale of Land $-5,000 Income before Income Tax $161,500 Income Tax $56,525 Net Income $ 104,975 Create the cash flow statement using the indirect method. Do not enter dollar signs or commas in the input boxes Use the negative sign for a decrease in cash Leviathan Manufacturing Cash Flow Statement For the Year Ended December 31, 2020 Cash Flow from Operating Activities Net Income Adjustments to Reconcile Net Income to Cash Depreciation O Type here to search C BI = Sheridan AME ENGAGE" Loss on Sale of Land Change in Operating Assets and Liabilities Decrease in Accounts Receivable Increase in Merchandise Inventory Decrease in Accounts Payable Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Sale of Land Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Proceeds from Notes Payable Payment of Cash Dividend Issue of Common Shares Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash Cash at the Beginning of the Year Cash at the End of the Year Check submit all and finishbu