Prepare a statement of cash flows for 2020 for Ayayal Corporation (Show amounts that decrease cash flow with either a signes - 15,000 or in parenthesis es (15,000).) AYAYAI CORPORATION Statement of Cash Flows Adjustments to reconcile net income to 81F AQI 58 O BE E arch Question 6 of 7 -/5 $ 81F AQI 58 AD E O of bonds outstanding Issued common stock to retire $ e Textbook and Media Atter Save for Later (b) A comparative balance sheet for Ayayai Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,780 $ 22,000 Accounts receivable 83,570 67.790 Inventory 181,570 190,790 Land 72,570 111.790 Equipment 261,570 201,790 Accumulated Depreciation-Equipment (70,570) (43.790) Total $ 601,490 $ 550,370 Liabilities and Stockholders' Equity Accounts payable Bonds payable $ 48,790 $ 35,570 150,000 200,000 214,000 164,000 Common stock ($1 par) 201,920 137.580 Retained earnings $ 601,490 $ 550,370 Total 81F AQI 58 o Bi arch Question 6 of 7 Common stock ($1 par) 214,000 164,000 Retained earnings 201,920 137.580 Total $ 601,490 $ 550,370 Additional information: 1. 2. Net income for 2020 was $ 128,140. No gains or losses were recorded in 2020. Cash dividends of $ 63,800 were declared and paid. Bonds payable amounting to $ 50,000 were retired through issuance of common stock. 3. (a) Prepare a statement of cash flows for 2020 for Ayayai Corporation. (Show amounts that decrease cash flow wit -15,000 or in parenthesis e.g. (15,000).)