The balance sheet and income statement for Mary Hotels are presented below. Mary Hotels Balance Sheet As at December 31 2020 2019 Assets Current Assets Cash $125,035 $78,800 Accounts Receivable $46,300 $30,200 Inventory $74,600 $46,100 Total Current Assets $245,935 $155,100 Land $96,000 $105,000 Equipment $100,000 $130,000 Accumulated Depreciation $-48,000 $-60,000 Total Assets $393,935 $330,100 Liabilities and Equity Liabilities Current Liabilities Accounts Payable $35,800 $66,200 Taxes Payable $21,000 $21,000 Total Current Liabilities $56,800 $87,200 Notes Payable $119,600 $85,100 Total Liabilities $176,400 $172,300 Shareholders' Equity Common Shares $73,000 $66,000 Retained Earnings $144,535 $91,800 Total Shareholders' Equity $217,535 $157,800 Total Liabilities and Equity $393,935 $330,100 Notes: The company paid cash dividends during 2020. The company did not make a notes payable payment during 2020. The company did not purchase any equipment during 2020. The company did not purchase any land during 2020. Mary Hotels Income Statement For the Year Ended December 31, 2020 Revenue $415,000 Cost of Sales $269,750 Gross Profit $145,250 Operating Expenses Depreciation Expense $7,000 Other Operating Expenses $29,500 Total Operating Expenses $36,500 Income from Operations $108,750 Other Income and Expenses Interest Expense $-7,500 Loss on Sale of Equipment $-7,100 Gain on Sale of Land $6,900 Operating Income before Tax $101,050 Income Tax $30,315 Net Income (Loss) $70,735 Prepare the cash flow statement for December 31, 2020 using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Mary Hotels Cash Flow Statement For the Year Ended December 31, 2020 Cash Flow from Operating Activities Net Income Answer Adjustments for Non-Cash Items Depreciation Expense Answer Loss on Sale of Equipment Answer Gain on Sale of Land Answer Changes in Current Assets and Current Liabilities Increase in Accounts Receivable Answer Increase in Inventory Answer Decrease in Accounts Payable Answer Change in Cash Due to Operating Activities Answer Cash Flow from Investing Activities Sale of Equipment Answer Sale of Land Answer Net Cash Provided (Used) by Investing Activities Answer Cash Flow from Financing Activities Issuance of Common Shares Answer Proceeds from Notes Payable Answer Payment of Dividends Answer Net Cash Provided (Used) by Financing Activities Answer Net increase (decrease) in cash Answer Cash at the Beginning of the Year Answer Cash at the End of the Year