Marigold Inc., had the following condensed balance sheet at the end of operations for 2019. MARIGOLD INC. BALANCE SHEET DECEMBER 31, 2019 Cash $8,400 Current liabilities $15,200 Current assets other than cash 28,800 Long-term notes payable 25,500 Equity invesments 20,000 Bonds payable 25,000 Plant assets (net) 67,100 Common stock 75,000 Land 40,300 Retained earnings 23,900 $164,600 $164,600 During 2020, the following occurred. 1. A tract of land was purchased for $8,900. 2. Bonds payable in the amount of $15,000 were redeemed at par. 3. An additional $9,900 in common stock was issued at par. 4. Dividends totaling $9,400 were paid to stockholders. 5. Net income was $30,600 after allowing depreciation of $13,300. 6. Land was purchased through the issuance of $22,800 in bonds. 7. Marigold Inc. sold part of its investment portfolio for $12,900. This transaction resulted in a gain of $1,900 for the company. No unrealized gains or losses were recorded on these investments in 2020. 8. Both current assets (other than cash) and current liabilities remained at the same amount. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).) MARIGOLD INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expense Gain on Sale of Investments Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Land Sale of Investments v Sale of Investments Net Cash Provided by Investing Activities Net Cash Provided by Financing Activities Payment of Dividends Redemption of Bonds Payable v Issuance of Common Stock Net Cash Used by Financing Activities eTextbook and Media Prepare the condensed balance sheet for Marigold Inc. as it would appear at December 31, 2020. (List assets in the order of Liquidity.) MARIGOLD INC. Balance Sheet Assets $ Liabilities and Equities