Ravens Company comparative statements of financial position are presented below. Raven Company Comparative Statement of Financial Position December 31, 2020 and 2019 2020 2019 Assets $513,000 $675,000 Cash and cash equivalents Accounts receivable (net) 124,500 109,500 Inventory 100,000 89,000 Prepaid expenses 34,500 33,500 Land 75,500 72,500 Equipment 160,000 144,000 Accumulated depreciation - equipment (95,000) (84,000) Buildings Accumulated depreciation - Buildings 140.000 120.000 (75,000) (65,000) Total $977,500 $1,094,500 Equity and Liabilities $55,000 $67,000 Accounts Payable Dividends Payable Income Taxes Payable 4,000 57.000 80,000 59,000 Long-term Debt 47,000 85,000 85,000 80,000 200.000 Accrued Expense Payable Bonds Payable Interest Payable Share Capital - Ordinary Retained Earnings Total 191,500 245,000 180,000 191,500 245,000 200.000 $1.094,500 $977,500 Raven Company Comparative Income Statement For the year ended December 31, 2020 & 2019 2020 2019 Net Sales $600,000 $375,500 500,000 254.000 66,000 85,000 Cost of Goods Sold Operating Expenses (include depreciation) Interest Expense Income Taxes 4,000 4,500 12,000 24,000 Additional Information: a. There were no accruals or prepaid amounts for interest. b. Dividends declared during 2020 were $38,000 c Equipment worth $16,000 was acquired by the issuance of a long-term debt $10,000 and by paying cash $6,000 d. The bonds owned by the company are $120,000 in cash e. Depreciation of $21,000 was included in operating expenses for 2020 f. Land was acquired for $3,000 cash. Instructions Prepare a statement of cash flows Raven Company for 2020 using the Indirect Method