Prepare a Statement of Cash Flows using the following information. Prepare using the INDIRECT method.

LazyDaz, Inc. reported the following for its 2020 financial statements. Balance Sheet Dec 31, 2020 1,256 Dec 31, 2019 782 Difference 474 Cash 78 48 Accounts Receivable Allow for Doubtful Accounts Inventory PP&E 5 6 3 5,127 2,496 (942) 96 5,250 ,250 1,980 1,980 (900) (33) (123) 516 (42) Land Accumulated Depreciation Patent 18 24 Total Assets 8,090 7,277 Accounts Payable Wages Payable Unearned Revenue Interest Payable Income Tax Payable Notes Payable Bonds Payable Common Stock Retained Earnings Total Liabilities & Equity 111 21 36 74 9 225 2,349 3,726 1.539 8,090 57 30 33 62 2 4 0 0 2,250 3,450 1.371 7,277 24 225 99 276 168 Income Statement For the Year Ending Dec 31, 2020 3,750 (1.944) 1,806 (450) (3) (342) (6) Sales Cost of Goods Sold Gross Profit Operating Expenses Wage Expense Bad Debt Expense Depreciation Expense Amortization Expense Utilities Expense Other Operating Expenses Income From Operations Other Interest Expense Gain (Loss) on Sale of Land Gain (Loss) on Sale of PP&E Income before Tax Expense Income Tax Expense Net Income (156) (471) (1.428 378 (15) (60) 165 468 (204) 264 The financial notes of LazyDaz disclose the following 2020 information: (1) Property, plant and equipment was sold for cash. The PP&E had an original cost of $1.200 and accumulated depreciation of $300. (2) Stock was issued for $360 cash. (3) Bonds of $90 were retired. (4) Land with a cost of $420 was sold. (5) There were two major noncash transactions. PP&E was acquired by issuing a $225 long-term note. Later in the year, PP&E was acquired by issuing $300 in common stock. (6) All other transactions were cash transactions