MONTY COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Indirect Method) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Gain on Sale of Investments Decrease in Inventory Increase in Accounts Receivable Decrease in Accrued Liabilities -50 Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets Sale of InvestmentsSale of Investments Net Cash Provided by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends -260 Issuance of Capital Stock Redemption of Bonds Payable Net Cash Used by Financing Activities Net Increase in Cash 670 Cash at Beginning of Period Cash at End of Period Noncash Investing and Financing Activities Issuance of Common Stock for Plant AssetsCondensed nancial data of Monty Company for 2020 and 2019 are presented below. MONTY COMPANY COMPARATIVE BALANCE SHEET ASOF DECEMBER 31, 2020AND 2019 2020 2019 Cash $1,840 $L1?0 Receivables L730 L310 Inventory L580 L880 Plant assets L910 L700 Accumulated depreciation (1.210] [L1?0] Longterm investments {heldtomaturity) L310 L420 $7,160 $6,310 Accounts payable $1,190 $900 Accrued liabilities 210 260 Bonds payable L400 L580 Common stock L880 L720 Retained earnings 2.480 L850 $7,160 $6,310 MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,000 Cost of goods sold 4,710 Gross margin 2,290 Selling and administrative expenses 940 Income from operations 1,350 Other revenues and gains Gain on sale of investments 80 Income before tax 1,430 Income tax expense 540 Net income 890 Cash dividends 260 Income retained in business $630 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)