The Balance Sheets for Johnson, Inc. for the years ending December 31, 2020 and 2019 are shown below. Cash Accounts Receivable Allowance for Doubtful Amounts Prepaid expenses Inventories Land Buildings Accumulated Depreciation - buildings Equipment Accumulated depreciation - equipment Delivery equipment Accumulated depreciation - delivery equipment Patents Dec 31, 2020 34,500 43,000 (1,900) 4.200 71,500 80,000 109,100 (30,000) 73,000 (19,000) 32,000 (15,000) 7.500 389.900 Dec 31, 2019 22,000 40,500 (2,200) 4,600 58,800 50,000 109,100 (23,000) 68,000 (15,500) 39,000 (20,500) 25,000 355.800 Accounts payable Accrued liabilities Mortgage payable Bonds payable Discount on Bonds Common Stock (51PV) Additional paid-in capital Retained earnings Less: Treasury Stock Dec 31, 2020 26.000 8,000 70,100 100,000 (7.000) 55,000 75,000 81.800 (20,000 388.900 Dec 31, 2019 29,000 5,900 74,900 0 0 50,000 67,500 128,500 355,800 The income statement for 2020 is as follows: Sales Cost of sales Gross profit Operating expenses Gain on Sale of Assets Net Income (Loss) 408,500 228.760 179,740 (189,440) 2.500 7200) 1. Cash dividends of $27,000 were declared and paid. 2. Co declared and distributed a 10% stock dividend when the FMV was $250/sh. 3. Fully depreciated delivery equipment which cost $7,000 was sold for $500 4. Sold $10,000 patents for $12,000 cash. 5. Issued Bonds on December 31, 2020 6. Purchased Equipment $5,000. 7. Purchased Land. Instructions (a) From the Information above, prepare a statement of cash flows indirect method) for Jenkins, 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