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
Total Shareholders' Equity	$216,590	$151,200
Total Liabilities and Equity	$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	Answer
Adjustments to Reconcile Net Income to Cash
Depreciation Expense	Answer
Loss on Sale of Equipment	Answer
Gain on Sale of Land	Answer
Changes in Operating Assets and Liabilities
Increase in Accounts Receivable	Answer
Increase in Merchandise 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
Proceeds from Issuance of Common Shares	Answer
Proceeds from Bonds 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