The balance sheet and income statement for Vispara Company are presented below.

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Vispara Company Balance Sheet As at December 31 2020 2019 Assets Current Assets Cash $134,735 $79,000 Accounts Receivable $50,300 $30,500 Merchandise Inventory $72,800 $45,200 Total Current Assets $257,835 $154,700 Land $104,000 $109,000 Equipment $107,000 $139,000 Less: Accumulated Depreciation $-48,000 $-64,000 Total Assets $420,835 $338,700 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities $42,100 $67,100 $29,000 $29,000 $71,100 $96,100 $131,500 $88,200 $202,600 $184,300 Bonds Payable Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity $81,100 $67,100 $137,135 $87,300 $218,235 $154,400 $420,835 $338,700 Total Liabilities and Equity 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. Vispara Company Income Statement For the Year Ended December 31, 2020 Sales $421,000 Cost of Goods Sold $273,650 Gross Profit $147,350 Operating Expenses Depreciation Expense $9,000 Other Operating Expenses $29,800 Total Operating Expenses $38,800 Income from Operations $108,550 Other Income and Expenses Interest Expense $-7,900 Loss on Sale of Equipment $-5,500 Gain on Sale of Land $5,900 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. Vispara Company Cash Flow Statement For the Year Ended December 31, 2020 Cash Flow from Operating Activities Net Income 70735 Adjustments to Reconcile Net Income to Cash Depreciation Expense 9000 Loss on Sale of Equipment 5500 Gain on Sale of Land -5900 Changes in Operating Assets and Liabilities Increase in Accounts Receivable -19800 Increase in Merchandise Inventory -27600 Decrease in Accounts Payable -25000 Change in Cash Due to Operating Activities 6935 Cash Flow from Investing Activities Sale of Equipment 32000 x Sale of Land 10900 Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Proceeds from Issuance of Common Shares Proceeds from Bonds Payable 43300 Payment of Dividends Net Cash Provided (Used) by Financing Activities Net increase (decrease) in cash 55735 Cash at the Beginning of the Year 79000 Cash at the End of the Year