Question b of 6 View Policies Current Attempt in Progress Following is an income statement for the Elkhardt Corporation for the year ended December 31, 2020, and a schedule listing the company's current assets and current liabilities at the end of 2019 and 2020. Elkhardt Corporation Income Statement For the Year Ended December 31, 2020 Sales $80,200 Cost of goods sold (45,714 34.486 $8,822 2.406 (11,228) Gross margin Operating expenses Selling and general expenses Depreciation expense Operating income Gain on sale of land held as investment Income before income tax Income tax expense 23,258 5,752 29,010 (5,802) Net Income $23,208 2019 Cash $12,700 2020 $4.290 10,550 4,880 Accounts receivable Inventory Prepaid selling/general expenses 6,840 11,240 3,900 1.200 Accounts payable 3,370 6,142 Accrued liabilities 1.700 2,996 Prepare a schedule documenting the Elkhardt Corporation's net cash flow from operating activities for the year ended December 31, 2020, using the indirect method. (Enter amounts that decrease cash flow either with a negative sign preceding the number, eg -15,000 or parenthesis eg. (15,000).) Elkhardt Corporation Partial Statement of Cash Flowe Operating activit December 31, 2020 For the Month Ended December 31, 2020 For the Year Ended December 31, 2020 II