The comparative balance sheets for Sunland Corporation show the following information December 31 2020 2019 Cash $33,400 $13,100 Accounts receivable 12,300 10,000 Inventory 12,200 9,100 Available-for-sale debt investments -0- 2,900 Buildings -0- 29,500 Equipment 45,400 20,200 Patents 5,000 6,200 $108,300 $91.000 $3,000 $4,500 2,000 4.600 -0- 6.100 5.000 2.900 Allowance for doubtful accounts Accumulated depreciation equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings -0- 4,900 3,000 4,000 31,000 25,000 43,000 33,000 21,300 6,000 $108,300 $91,000 Additional data related to 2020 are as follows. 1. 2 Equipment that had cost $11.200 and was 40% depreciated at time of disposal was sold for $2,500. $10.000 of the long term note payable was paid by issuing common stock Cash dividends paid were 54,900 3. 2 Lm 3. 4. 5. $10,000 of the long-ter payate was Cash dividends paid were $4.900. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $29.700 (net of $2,000 taxes) Debt investments (available-for-sale) were sold at $1.700 above their cost. The company has made similar sales and investments in the past Cash was paid for the acquisition of equipment Along-term note for $16,000 was issued for the acquisition of equipment Interest of $2.000 and income taxes of $6.500 were paid in cash 6. 7. 8. 1- Prepare a statement of cash flows using the indirect method (Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis es. (15,0001 SUNLAND CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Prepare a statement of cash flows using the indirect method. (Show coments that decrease omhflow with either asig-15,000 or in parenthesis (15,0001) SUNLAND CORPORATION Statement of Cash Flows Adjustments to reconcile net income to $ >