Selected financial statement information and additional data for Crane Enterprises is presented Crane Enterprises Balance Sheet and Income Statement Data December 31, 2020 Current Assets: Cash Accounts Receivable Inventory Total Current Assets $159,120 $123,760 247,520 318,240 406,640 353,600 813,280 795,600 Gross Profit Total Liabilities & Stockholders' Equity 1,608,880 1,502,800 December 31, 2019 Sales Revenue Less Cost of Goods Sold $1,679,600 $1,573,520 781,040 760,240 898,560 813,280 Expenses: Depreciation Expense 159,120 141,440 Salaries and Wages Expense 406,640 371,280 Property, Plant, and Equipment 1,290,640 1,166,880 Interest Expense 35,360 35,360 Less: Accumulated Depreciation (495,040) (459,680) Loss on Sale of Equipment 12,480 0 795,600 707,200 613,600 548,080 Total Assets $1,608,880 $1,502,800 Income Before Taxes 284,960 265,200 Current Liabilities: Less Income Tax Expense 113.984 106,080 Accounts Payable $194,480 $106,080 Net Income 170,976 159,120 Notes Payable 53,040 70,720 Income Taxes Payable 88,400 79,560 Additional Information: Total Current Liabilities 335,920 256,360 Bonds Payable Total Liabilities 353,600 406,640 689,520 663,000 During the year, Crane sold equipment with an original cost of $159,120 and accumulated depreciation of $123,760 and purchased new equipment for $282,880. Prepare a statement of cash flows for the year ending December 31, 2020. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Stockholders' Equity: Common Stock 530,400 486,200 Retained Earnings 388,960 353,600 Cash Flows from Operating Activities Total Stockholders' Equity 919,360 839,800 Net Income Total Liabilities & Stockholders' Equity 1.408.880 1.502.800 Crane Enterprises Statement of Cash Flows For the Year Ended December 31, 2020 Adjustments to reconcile net income to Net Cash used by Operating Activities Depreciation Expense