Question 3 (15 marks) Condensed financial data for Winslow Corporation are given below. Winslow Corporation Comparative Balance Sheet December 31 Assets Cash Accounts receivable Inventory Property Furniture Accumulated depreciation Total assets 2020 $ 131,000 68,000 200,000 1,430,000 1,006,000 (85,000) $2.750.000 2019 $ 40,000 54,000 230,000 1,300,000 916,000 (40.000) $2.500.000 Liabilities and Stockholders' Equity Accounts payable $ 104,000 Short-term Notes payable 42,000 Bonds payable 1,150,000 ommon stock 1,338,000 Retained earnings 116.000 Total liabilities and stockholders' equity $2,750,000 $ 24,000 48,000 1,150,000 1,208,000 70,000 $2.500.000 Additional information for 2020: 1. A cash dividend of $45,000 was declared and paid during the year. 2. Additional furniture was purchased for cash. 3. Property was acquired by issuing common stock. 4. Net income for the year 2020 was $91,000 Required : Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method