Prepare a statement of cash flows for the year ended December 31, 2020, 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).)

The comparative balance sheets for Monty Corp. as of December 31 are presented below. Monty Corp. Comparative Balance Sheets December 31 Assets 2020 2019 Cash $58,500 $48,000 Accounts receivable 44,000 64,000 Inventory 150,600 147,700 Prepaid expenses 14,000 23,200 Land 101,200 132,200 Buildings 198,000 198,000 Accumulated depreciation-buildings (60,300) (34,000) Equipment 230,300 156,900 Accumulated depreciation-equipment (43,500) (37,000) Total $692,800 $699,000 Liabilities and Stockholders' Equity Accounts payable $46,000 $39,900 Bonds payable 260,000 294,000 Common stock, $1 par 191,800 157,800 Retained earnings 195,000 207,300 Total $692,800 $699,000 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $9,200. 2. Land was sold for cash at book value. 3. Cash dividends of $57,900 were paid. 4. Net income for 2020 was $45,600. 5. Equipment was purchased for $94,700 cash. In addition, equipment costing $21,300 with a book value of $12,100 was sold for $6,500 cash. 6. Bonds were converted at face value by issuing 34,000 shares of $1 par value common stock. Monty Corp. Statement of Cash Flows Adjustments to reconcile net income to