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 $152,445 $78,400 Accounts Receivable $46,300 $30,700 Merchandise Inventory $68,600 $43,100 Total Current Assets $267,345 $152,200 Land $100,000 $109,000 Equipment $96,000 $134,000 Less: Accumulated Depreciation $-51,000 $-67,000 Total Assets $412,345 $328,200 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable $38,000 $69,400 $21,100 $21,100 $59,100 $90,500 $124,000 $81,500 $183,100 $172,000 Total Liabilities Shareholders' Equity $183,100 $172,000 Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity Total Liabilities and Equity $84,700 $69,700 $144,545 $86,500 $229,245 $156,200 $412,345 $328,200 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 $429,000 Cost of Goods Sold $278,850 Gross Profit $150,150 Operating Expenses Depreciation Expense $6,000 Other Operating Expenses $26,700 Total Operating Expenses $32,700 Income from Operations $117,450 Other Income and Expenses Interest Expense $-7,700 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 $429,000 Cost of Goods Sold $278,850 Gross Profit $150,150 Operating Expenses Depreciation Expense $6,000 Other Operating Expenses $26,700 Total Operating Expenses $32,7001 Income from Operations $117,450 Other Income and Expenses Interest Expense $-7,700 Loss on Sale of Equipment $-7,900 Gain on Sale of Land $7,500 Operating Income before Tax $109,350 Income Tax $32,805 Net Income (Loss) $76,545 Prepare the cash flow statement for December 31, 2020 using the indirect method. Do not enter dollar signs or commas in the input boxes. 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 Depreciation Expense Loss on Sale of Equipment Gain on Sale of Land Changes in Operating Assets and Liabilities Increase in Accounts Receivable 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 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