Question #3 (50 pts) Planner Corporation's comparative balance sheets are presented below. PLANNER CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $ 21,570 $ 10,700 Accounts receivable 18,200 23.400 Land 18,000 26,000 Building 70,000 70,000 Accumulated depreciation 115.000 (10,000) Total $102.720 $12010 Accounts payable $12.370 $ 31,100 Common stock 75,000 69,000 Retained earnings 25,400 20,000 Total $112.770 $120.100 Additional information: 1. Net income was $27,900. Dividends declared and paid were $22,500 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $5,900. Instruction (a) Prepare a statement of cash flows for 2020 using the indirect method. (b) Compute free cash flow