Janson, Inc Balance Sheet December 31, 2020 2020 2019 $ 85.000 96.000 316 000 20.000 $ 56,000 100,000 310,000 18.000 Assets Current Assets: Cash Accounts receivable Inventory Prepaid rent Long-Term Assets: Investment Equipment Land Accumulated depreciation Total Assets 195.000 50.000 90.000 (68,000) $784.000 180,000 70,000 50.000 (20.000) $764,000 $ 36,000 2.000 13.000 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $28.000 Interest payable 1,000 Income tax payable 14.000 Long-Term Liabilities: Bonds payable 165,000 Stockholders' Equity Common stock 280,000 Retained earnings 296.000 Total Liabilities and Equity $784,000 225.000 240.000 248.000 $764,000 Additional Information for 2020: 1. Purchase additional investment for $15,000. 2. Sell equipment for S26,000 cash, resulting in a $6,000 gain on sale of equipment 3. Purchase $40,000 in land. 4. Repaid bond for $60,000 5. The company declares and pays a cash dividend of $32,000 6. Issue common stock for $ 40,000 Required: Prepare the statement of cash flows using the indirect method. w (100 points) 31. The income statement, halance sheets talement, ce sheets, and additional information for Janson, Inc. are provide Janson, Inc. Income Statement For the Year Ended December 31, 2020 $3,000,000 6,000 3.000.000 Revenues Gain on sale of equipment Total revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net Income 2,100,000 700.000 48,000 35.000 41.000 2.926.000 $ 80,000