Question 2 of 4 -/4 ITT Condensed financial data of Shamrock Company for 2020 and 2019 are presented below. SHAMROCK COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,790 $1,150 Receivables 5.780 1.330 Inventory 1.620 1890 Plant assets 1.930 1.700 (1.180 Accumulated depreciation 11.200 1 310 1420 Long-term investments held to maturity 57.230 $6.310 77F Question 2 of 4 !!! Accounts payable $1.210 $920 Accrued liabilities 210 240 Bonds payable 1,370 1.530 Common stock 1860 1.670 Retained earnings 2.580 1.950 $7.230 $6,310 SHAMROCK COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue 56970 Cost of goods sold 4.680 2.290 Gross margin Selling and administrative expenses 940 77F ODA i + D Question 2 of 4 -74 111 Selling and administrative expenses 9.00 Income from operations 1.350 Other revenues and gains Gain on sale of investments Income before tax 80 1.430 Income tax expense 540 Net income 890 Cash dividends 200 Income retained in business $630 Additional information During the year. $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a signes -15,000 or in TTFD 400 TION Aitona information During the year. $70 of common stock was issued in exchange for plantavats. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-skunes. - 15,000 or in parenthesis eg. (15.000 SHAMROCK COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to O Type here to search BIM 77 OD 40 12/12 # hp