Sunland Inc., a greeting card company, had the following statements prepared as of December 31, 2020. SUNLAND INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $7,000 Accounts receivable 62,000 51,500 Short-term debt investments (available-for-sale) 34,700 17,900 Inventory 39,700 60,400 Prepaid rent 4,900 4,100 Equipment 154,300 130,500 Accumulated depreciation-equipment (35,300) (25,200 ) Copyrights 45,600 49,700 Total assets $311,800 $295,900 Accounts payable $46,200 $40,400 Income taxes payable 4,000 6,000 Salaries and wages payable 8,100 3,900 Short-term loans payable 8,000 9,900 Long-term loans payable 60,200 69,300 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 55,300 36,400 Total liabilities & stockholders' equity $311,800 $295,900 SUNLAND INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross profit $335,600 174,600 161,000 Operating expenses 120,700 Operating income 40,300 Interest expense $11,400 Gain on sale of equipment 2,100 9,300 Income before tax 31,000 Income tax expense 6,200 Net income $24,800 Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $19,800 and was 70% depreciated was sold during 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesise.g. (15,000).) Adjustments to reconcile net income to SUNLAND INC. Statement of Cash Flows $ $