Prepare a statement of Cash flows according to the following data. BALANCE SHEET ABC Corporation Dec.31.2019and 2020 ITEMS 86940,00 2019 Assets Current Assets Cash 28350.00 Notes Receivable 13950.00 Accounts Receivable 90000.00 Inventory 207900.00 Prepaid Expenses 9450.00 Total Current Assets 349650.00 Investment 240030.00 Plant Assets Plant Assets Original Cost 946950.00 Less: Accumulated Depreciation 128520.00 Total Plant Assets 818430.00 Intangible Assets 7500.00 Total Assets 1415610.00 13830.00 75000.00 272160.00 1890.00 217350.00 1117050.00 194670.00 922380,00 234300.00 1823850.00 4500.00 Liabilities Current Liabilities Notes Payable 6270.00 Accounts Payable 75000.00 Accrued Liabilities 8010.00 Salaries Payable 9000.00 Income Tax Payable 9450.00 Total Current Liabilities 107730.00 Long-term Liabilities 557550.00 Bonds Payable 463050.00 Total Liabilities 680400.00 570780.00 Owners' Equity Common Stock 521640.00 378000.00 Paid-in Capital in Excess of Par Value 357210.00 217350.00 Retained Earnings 264600.00 249480.00 Total Owners' Equity 1143450.00 844830.00 Total Liabilitics and Owners' Equity 1823850.00 1415610.00 90000.00 15180.00 7500.00 5670.00 122850.00 THE INCOME STATEMENT ABC Corporation For the year ended Dec. 31.2020 ITEMS AMOUNTS Sales 1319220.00 Cost of Goods Sold 982800.00 Gross Margin 336420.00 Salaries Expense 75000.00 Operating Expenses (Including depreciation expense S 69930.00) 202830.00 Operating Income 58590.00 Other Income or Expenses Interest Expense (43470.00) Interest Income 11340.00 Gain on Sale of Investments 22680.00 Loss on Sale of Plant Assets (5670.00) Total Other Income or Expenses (15120.00) Income Before Tax 43470.00 Income Tax 13230.00 Net Income 30240.00 Apart from the balance sheet and the income statement, there are other transactions recorded in relating accounts as follows: Purchased intangible assets in the amount of $226800.00. Purchased other company's stacks in the amount of $147420.00. Sold some plant assets, the price is $9450.00, the original cost is $18900.00, the accumulated depreciation is $3780.00. + Sold long-term government bonds, the price is $192780.00, and the cost is $170100.00. Issued $189000.00 of bonds at face value in a noncash exchange for plant assets. Issued common stock for $283500.00, the face value is $143640.00, and the paid-in capital in excess of par value is $138 0.00. Repaid $94500.00 of bonds at face value at maturity. Paid cash dividends in the amount of $15120.00 The statement of Cash flows-Direct Method ABC Corporation For the year ended Dec. 31 2020 ITEMS AMOUNT Cash Flows from Operating Activities Cash Receipts From Customers From Interest and Dividends Cash Payments To Suppliers To Employees For Interest Payments For Income Tax Net Cash Flows from Operating Activities Cash Flows from Investing Activities Purchase of Investments Sale of Investments Sale of Plant Assets Purchase of Intangible Assets Net Cash Flows from Investing Activities Cash Flows from Financing Activities Repayment of Bonds Issue of Common Stock Dividends Paid Net Cash Flows from Financing Activities Net Increase In Cash Cash at Beginning of Period Cash at End of Period Method The statement of Cash flows-Indirect ABC Corporation For the year ended Dec. 31 2020 ITEMS AMOUNT Cash Flows from Operating Activities Net Income Adjustments Depreciation Gain on Sale of Plant Assets Loss on Sale of Plant Assets Decrease in Receivables Increase in Inventory Decrease in Prepaid Expenses Increase in Payables Increase in Accrued Liabilities Decrease In Income Tax Payable Increase In Salaries Payable Net Cash Flows from Operating Activities