LILY CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $27.970 $12.300 Accounts receivable 19.800 26,600 Land 19,600 29.200 71,600 71.600 Building Accumulated depreciation (18,200) (11,600) Total $120.770 $128.100 $13.970 $34.300 Accounts payable 78.200 70,600 Common stock Retained earnings Total 28,600 23.200 $120.770 $128.100 Additional information: 1. 2 Net income was $31,100. Dividends declared and paid were $25,700. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $7.500. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-signes. - 15,000 or in parenthesis eg. (15,000).) LILY CORPORATION Statement of Cash Flows Adjustments to reconcile net income to $ > > >