The Balance Sheets for Gomes, Inc. for the years ending December 31, 2020 and 2019 are shown below: Dec. 31, 2020 Dec. 31, 2019 Cash 150,240 108,300 Accounts Receivable 46,500 41,500 Allowance for Doubtful Amounts (3,800) (2,600) Prepaid Insurance 4,800 3,200 Prepaid Rent 0 5,600 Inventories 70,960 58,200 Land 50,000 50,000 Buildings 175,000 175,000 Equipment 74,000 74,000 Computer equipment 48,000 29,000 Less: Accumulated Depreciation Buildings (13,000) (7,500) Equipment (48,500) (35,500) Computer Equipment (9,500) (26,500) Patents 6,700 17,700 551,400 490,400 Dec. 31, 2020 Dec. 31, 2019 Accounts payable 24,000 29,000 Accrued liabilities 5,500 6,500 Mortgage payable 47,400 155,400 Bonds payable 100,000 0 Discount on Bonds (7,000) 0 Common Stock ($2PV) 55,000 50,000 Additional paid-in capital - Common Stock 92,500 67,500 Retained earnings 234,000 182,000 551,400 490,400 The income statement for 2020 is as follows: Sales 884,060 Cost of sales (558,760) Gross profit 325,300 Operating expenses (192,000) Net Gain (Loss) 1,200 Net income (Loss) 134,500 1. On Jan. 3, 2020 Gomes, Inc. issued 2,500 shares of Common Stock for $12/sh. 2. On December 1, 2020 cash dividends of $3 per share were declared and paid. 3. Computer equipment which cost $23,000 and book value of $2,000 was sold for $2,200. 4. Purchased new computer equipment. 5. On December 5, 2020 sold $8,000 patents for $9,000 cash. 6. Issued Bonds on December 31, 2020. Instructions (a) From the information above, prepare a statement of cash flows (indirect method) for Gomes, Inc. for the year ended December 31, 2020. (b) From the information above, prepare a schedule of cash provided by operating activities using the direct method.