Pharoah Ski Haus had the following statements prepared as of December 31, 2020. PHAROAH SKI HAUS COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $ 2,500 $ 4,000 Accounts receivable 104,000 98,000 Short-term debt investments (available-for-sale) 97,000 122,000 Inventories 91,000 55,000 Prepaid insurance 3,800 5,900 Ski equipment 90,000 43,000 Accumulated depreciation-equipment (23,000) (18,000) Trademarks 80,000 83,000 Total assets $445,300 $392,900 Accounts payable $ 89,100 $ 74,000 Income taxes payable 21,400 16,000 Wages payable 4,100 8,800 Short-term loans payable 23,300 0 Long-term loans payable 78,500 122,000 Common stock, $1 par 100,000 100,000 20,000 20,000 Additional paid-in capital Retained earnings 108,900 52,100 Total liabilities & stockholders' equity $ 445,300 $ 392,900 PHAROAH SKI HAUS INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales $ 535,600 301,000 Cost of goods sold Gross profit 234,600 Operating expenses 93,000 Operating income 141,600 Interest expense $ 20,500 Loss on sale of equipment 4,000 24,500 Income before tax 117,100 Income tax expense 41,300 Net income $ 75,800 Additional information: Additional information: 1. Dividends in the amount of $ 19,000 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. Equipment that had a cost of $ 24,500 and was 20% depreciated was sold during 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).)