please describe each and every point clearly

Q1. The 2020 comparative balance sheet and income statement of D&B Hoovers follow. The company had no non-cash investing and financing transactions during 2020. During the year, there were no sales of land or equipment, no issuance of notes payable, and no repurchase of shares transactions. D&B Hoovers Comparative Balance Sheet As at December 31, 2010 and 2019 2,020 2,019 Difference? Current assets: Cash $ 17,600 $ 5,300 Accounts receivable 27,100 27,600 87,200 Inventory Prepaid expense Property, plant, and equipment 83,000 2,500 1,900 Land 79,000 60,000 Equipment, net 53,500 49,400 Total assets $ 262,700 $ 231,400 Current liabilities Accounts payable $ 35,800 $ 33,700 Salary payable 3,100 6,600 22,600 23,700 Other accrued liabilities Long-term liabilities: Notes payable Shareholders' equity: 85,000 100,000 Common shares 88,300 64,700 Retained earnings 27,900 2,700 $ 262,700 $ 231,400 Total liablities & shareholders' equity $ 228,700 $ D&B Hoovers Income Statement For the Year Ended December 31, 2020 Sales revenue Expenses: Cost of goods sold 70,600 Salary expense 27,800 Depreciation expense 4,000 Other operating expense 10,500 Interest expense 11,600 Income tax expense 25,000 Total expenses Net income 149,500 79,200 $ Required: Prepare the 2020 statement of cash flows, formatting operating activities by using the indirect method