The comparative balance sheets for Pina Corporation show the following information. Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $4,900. 4. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,100 (net of $1,900 taxes). 5. Debt investments (available-for-sale) were sold at $1,600 above their cost. The company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $1,900 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) PINA CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $15300 Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expense $1900 Loss on Sale of Equipment 4100 Increase in Inventory 3000 Patent Amortization Gain on Sale of Investments Increase in Accounts Receivable (Net) Gain from Flood Damage Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment 20300 Sale of Equipment 2500 Sale of Investments 4600 Patent Amortization Net Cash Provided by Investing Activities Noncash Investing and Financing Activities v Retired Notes Payable by Issuing Common Stock Purchased Equipment by Issuing Notes Payable