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 2020 2019 Drence? Current assets: Cash $ 17,600 $ 5.300 Accounts receivable 27.100 27.500 Inventory 83.000 87200 Prepaid expense 2500 1.900 Property, plant, and equipment Land 79.000 60,000 Equipment, et 53.500 49,400 Total assets $ 262.700 5 231400 Current liabilities Accounts payable $ 35.800 $ 33,700 Salary payable 3.100 6.600 Other accrued abilities 22.600 22.700 Long-term Kabilities: Notes payable 85.000 100,000 Shareholders equy Common shares 88.300 64.700 Retained camings 27.900 2.700 Total liabides & shareholders equity S 262.700 $ 231.400 D&B Hoovers Income Statement For the Year Ended December 31, 2020 Sales revenue $ 228.700 Expenses Cost of goods sold $ 70.600 Salary expense 27.800 Depreciation expense 4,000 Other operating expense 10.500 Interest expense 11.800 Income tax expense Total expenses 149.500 Net income Required: Prepare the 2020 statement of cash flows, formatting operating activities by using the indirect method. 25,000 $ 79.200