Ritter Inc.'s financial statements showed the following: Balance Sheet Information December 31, 2020 2020 Cash $236,600 Accounts receivable 33,000 Merchandise inventory 61,500 Long-term investment 0 Machinery 455,000 Accumulated depreciation, machinery (290,000) Total assets $496,100 Accounts payable $65,600 Bonds payable 66,000 Common shares 200,000 Retained earnings 164 500 Total liabilities and shareholders' equity $496,100 2019 $146,500 47,000 49,000 26,000 365,000 (200,000 $433,500 $51,200 0 200,000 182,300 Difference $90,100 (14,000) 12,500 (26,000) 90,000 (90,000) $62,600 $14,400 66,000 0 (17,800 $415.700 $62,600 Income Statement For the Year Ended December 31, 2020 Sales $982,000 Cost of goods sold $703,000 Other expenses 135,000 Depreciation expenses 90,000 928,000 Profit from operations $54,000 Loss on sale of long-term investment 10,000 Profit $44,000 The following occurred during 2020 a. Purchased machinery for $90,000 cash. b. Sold the long-term investment for $16,000. c. Issued $66,000 of bonds payable at face value. d. Declared and paid a $61,800 cash dividend. Required: Prepare a Statement of Cash Flows using the indirect method. (15 marks)