P20-2 Cash flow statement under indirect method @LO 20-1,20-2, LO 20-3, LO 20-4) The Rarden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Scrimary.Row is a header and spans columns 2 and 3. Rows 312 and 17 ore subheaders and contenta ony in com Balance Sheets December 31, 20x1 20XO Increase (Decrease) Cash $ 337,000 $ 245.000 591.000 Accounts receivable act 420 280.000 140.000 Marketable securities 15.000 15,000 Inventarios 520,000 440.000 80.000 650 400,000 250.000 Plant and equipment 1.100.000 1,266.000 (106.000 Les Accumulated depreciation 180,000) (200,000) 20.000 Total assets $2.922,000 $2.412.000 $.490.000 Liabilities and Stockholders' Equity Labdities Accounts payable 5 660.000 $ 500.000 $ 100.000 Accrued wages 540,000 320,00 20,000 Long-term bonds (due 7/1/20X8) 260,000 360.000 (100.000) Total liabilities 1.460.000 1380,000 80.000 Suckholders equity Camon stock and Additional paid in capital 966.000 760,000 206 Retained earnings 495.000 292.000 204000 Total stockholders' cquity 1.462.000 1.053.000 410.000 Total abilities and stockholderiquity $2.922.000 $2.-437,000 590.000 Barden Corporation Teile Summary Row in a header and inams come and wand se subheaders and contain only in court Income Statement for the Year Ended December 31, 20X1 $ 1.600.000 2.000 Gain on sale of metable securities 44.000 Gain on extinguishment of det 1.646.000 Total revenue and gains Expenses 720.000 Cost of goods sold 385,000 Personnel costs 4000 Depreciation 3.000 Loss on sale of cquipment 32.000 Interest 16.000 Miscellaneous 1202.000 Total expense 444000 Income here income taxes 2000000 Income tax expense $244000 Net income Additional Information: On January 11, 20X1, Barden purchased land for $170.000 cash 1. On January 23, 20X1. Barden extinguished long-term bonds with a face value of $100.000, c. On February 8, 20X1. Barden issued 8.400 shares of common stock for cash. The stock was issued at $15 per Share a Barden purchased marictable securities for $30,000 on March 15, 20X1; one-half of the securities were later sold on December 3, 20X1 c. On June 9. 20X1. Barden issued 7.600 shares of common stock for land. The common stock and land had current market values of S80,000 at the time of the transaction On July 1, 20X1. Harden declared and paid a $40,000 cash dividend, 3. On October 18, 20X1. Barden sold equipment costing $106.000, with a book value of $46,000 for $1.000 cash Required: Prepare a cash flow statement using the indirect method for operating activities