Splish Company has not yet prepared a statement of cash flows for the 2020 fiscal year. Comparative balance sheets as of December 31, 2019 and 2020, and a statement of income and retained earnings for the year ended December 31, 2020, are presented as follows. SPLISH COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2020 ($000 OMITTED) Sales revenue $3,770 Expenses Cost of goods sold $1,210 Salaries and benefits 710 Heat, light, and power 70 Depreciation 70 Property taxes 20 Patent amortization Miscellaneous expenses Interest 30 2,150 Income before income taxes 1,620 Income taxes 810 Net income 810 Retained earnings-Jan. 1, 2020 310 1,120 Stock dividend declared and issued 590 Retained earnings-Dec. 31, 2020 $530 30 10 2019 SPLISH COMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31 ($000 OMITTED) Assets 2020 Current assets Cash $268 U.S. Treasury notes (available-for-sale) 10 Accounts receivable 780 Inventory 710 Total current assets 1,768 Long-term assets Land 160 Buildings and equipment 930 Accumulated depreciation-buildings and equipment (180) Patents (less amortization) 80 Total long-term assets 990 Total assets $2,758 $20 50 510 570 1,150 70 620 (110) 110 690 $1,840 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Notes payable Total current liabilities Long-term notes payable-due 2022 Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $402 36 320 758 190 948 $300 30 320 650 190 840 1,280 530 1,810 $2,758 690 310 1,000 $1,840 Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. (Show amounts in the investing and financing sections that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis e.g. (15,000).) SPLISH COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 $000 Omitted) Cash Flows from Operating Activities Cash Receipts from Customers Cash Payment for Miscellaneous $ Cash, January 1, 2020 Cash, December 31, 2020 $ $