The following schedule of information relates to Reagan Inc. for the year ended December 31, 2020: Nonoperating cash receipts: For sale of common stock From sale of land (original cost $93,000) From sale of intangible assets (at net book value) Nonoperating cash payments: For purchase of bonds as investment To stockholders as dividends The company's balance sheet reports the following: Cash Accounts receivable Inventory Accounts payable Accrued liabilities Depreciation expense Fixed asset impairment Net income $ 111,800 392,000 51,400 375,000 December 31, 2020 December 31, 2019 280,000 $ 95,000 The company's 2020 income statement reports the following: 7,500 $ 84,000 906,800 354,000 67,000 480,000 365,000 $ 54,400 79,000 31,500 850,000 98,000 Required: Prepare a statement of cash flow, in good form, for December 31, 2020 for Reagan Inc. using the Indirect method.

The following schedule of information relates to Reagan Inc for the year ended December 31, 2020: The company's balance sheet reports the following: December 31.2020 December 31.2019 The company's 2020 income statement reports the following: Required: Prepare a statement of cash flow, in good form, for December 31, 2020 for Reagan Inc, using the Indirect method. The following schedule of information relates to Reagan ine for theytar ended December 31, 2020: The company's balance sheet reports the following: 129 The company's 2020 income statement reports the following: Required: Prepare a statement of cash flow, in cood form, for December 31, 2020 for Reagan inc. using the indirect method