The balance sheet and income statement for Vispara Company are presented below. Vispara Company Balance Sheet As at December 31 2020 2019 Assets Current Assets Cash $124,690 $76,500 Accounts Receivable $42,500 $27,400 Merchandise Inventory $75,600 $44,100 Total Current Assets $242,790 $148,000 Land $92,000 $100,000 Equipment $100,000 $138,000 Less: Accumulated Depreciation $-44,000 $-60,000 Total Assets $390,790 $326,000 Liabilities and Equity Liabilities Current Liabilities Accounts Payable $31,400 $66,400 Taxes Payable $28,200 $28,200 Total Current Liabilities $59,600 $94,600 Bonds Payable $114,600 $80,200 Total Liabilities $174,200 $174,800 Shareholders' Equity Common Shares $80,900 $66,900 Retained Earnings $135,690 $84,300 Retained Earnings $135,690 $84,300 Total Shareholders' Equity Total Liabilities and Equity $216,590 $151,200 $390,790 $326,000 Notes: The company paid cash dividends during 2020. The company did not make a bonds payable payment during 2020. The company did not purchase any equipment during 2020. The company did not purchase any land during 2020. Vispara Company Income Statement For the Year Ended December 31, 2020 Sales $414,000 Cost of Goods Sold $269,100 Gross Profit $144,900 Operating Expenses Depreciation Expense $10,000 Other Operating Expenses $27,100 Total Operating Expenses $37,100 Income from Operations $107,800 Other Income and Expenses Interest Expense $-7,600 Loss on Sale of Equipment $-7,500 Gain on Sale of Land $5,000 Operating Income before Tax $97,700 Income Tax $29,310 Net Income (Loss) $68,390 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. Vispara Company Cash Flow Statement For the Year Ended December 31, 2020 Cash Flow from Operating Activities Net Income Adjustments to Reconcile Net Income to Cash 68390 Depreciation Expense 10000 Loss on Sale of Equipment Gain on Sale of Land Changes in Operating Assets and Liabilities Increase in Accounts Receivable -15100 Increase in Merchandise Inventory -31500 Decrease in Accounts Payable Change in Cash Due to Operating Activities Cash Flow from Investing Activities -35000 x Sale of Equipment Sale of Land Net Cash Provided (Used) by Investing Activities > x ceivable Increase in Merchandise Inventory Decrease in Accounts Payable Change in Cash Due to Operating Activities Cash Flow from Investing Activities Sale of Equipment Sale of Land Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Proceeds from Issuance of Common Shares Proceeds from Bonds Payable Payment of Dividends Net Cash Provided (Used) by Financing Activities Net increase (decrease) in cash Cash at the Beginning of the Year Cash at the End of the Year -15100 -31500 35000