Party Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment $73,200 85,600 169,800 174,000 260,500 (65,800 ) $597,300 $32,700 70,500 186,600 100,600 200,100 (33,700) $556,800 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $35,400 151,400 217,500 193,000 $597,300 $47,300 203,000 173,200 133,300 $556,800 Total Additional information: 1. Net income for 2020 was $104,100. 2. Cash dividends of $44,400 were declared and paid. 3. Bonds payable amounting to $51,600 were redeemed for cash $51,600. 4. Common stock was issued for $44,300 cash. 5. No equipment was sold during 2020, but land was sold at cost. URCES CALCULATOR Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decree cash flow with other in 15.000, the (15,000).) HE ideo Velo Company Statement of Cash Flows Adjustments to reconcile net income to .