It is your first day in the accounting department of Boomerang Inc. You are provided with the following financial statements for the year ended December 31, 2020 Boomerang Inc Comparative Balance Sheet As of December 31, 2020 and 2019 2020 2019 Assets Cash 24,300 18,500 Accounts Receivable 28,400 29,600 Marketable securities 23,900 8,200 Inventory 40,300 33,200 Land 17,000 22,200 Property, plant and equipment (net of depreciation) 218,600 185,400 352,500 297,100 Liabilities Accounts payable 19,400 22,700 Interest payable 11,200 19,200 Notes payable - 28,700 Bonds payable 71,600 45,800 Shareholder's Equity Common stock 187,200 135,600 Retained Earnings 63,100 45,100 352,500 297,100 Boomerang Inc. Income statement For the year ended December 31, 2020 Revenues Sales revenue 225,300 Expenses Cost of goods sold 72,500 Salaries expense 35,800 Depreciation expense 22,800 Interest expense 6,700 Loss on sale of land 1,300 Net income 86,200 Additional information: 1. Boomerang did not purchase any land during the year. 2. Boomerang did not dispose of any property, plant and equipment during the year. 3. For 2020, beginning accumulated depreciation for PPE was $54,000 and ending accumulated depreciation was $76,800 Required: Prepare a cash flow statement in good form, using the indirect method, for the year ended December 31, 2020. (20 marks)