The income statement for the year ended December 31, 2020, for Marin Manufacturing Company contains the following condensed Information MARIN CO. INCOME STATEMENT Revenue $ 6580,000 Operating expenses excludine depreciation $4.940.000 Depreciation aperte 874.000 5,814,000 Income before income tax 766,000 Income tax expene 306.400 Nast income $ 459.600 recluded in operating experees is a $24.000 loss resulting from the sale of machinery for $272.500 cash. The company purchased machinery at a cost of $745.000 Star in reports the following balances on its comparative balance sheets at December 31 MARINCO COMPARATIVE BALANCE SHEETS (PARTIAL) 2020 2019 5707500 $120.500 Accounts receive 772.500 614500 46000 374 500 AG 52000 SO2500 Income tax 06.400 the mountain 2020 Dividends declared and paid in 2020 totaled $195.000 MARIN COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 459600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities > > >