tice Exercise 02 a-b (Part Level Submission Oriole Company's comparative balance sheets are presented below. Oriole Company Comparative Balance Sheets December 31 2020 2019 Cash $ 15,000 $10,000 Accounts receivable 21,300 23,400 Land 20,400 25,700 Buildings 70,100 70,100 Accumulated depreciation-buildings. (15,000) (10,900) Total $111,800 $118,300 Accounts payable $ 12,400 $ 27,600 Common stock 74,000 73,400 Retained earnings 25,400 17,300 Total $111,800 $118,300 Additional information: 1. Net income was $23,100. Dividends declared and paid were $15,000. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $5,000. *(a) Your answer is partially correct. Try again. Prepare a statement of cash flows for 2020 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).) Oriole Company Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable Decrease in Accounts Payable Sale of Land $12100 15200 300 Depreciation Expense Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Cash Flows from Investing Tissuance of Common Stock Thaumant of Mildandel $23100 4100 8700 JO T14400 15000 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Cash Flows from Investing Issuance of Common Stock Payment of Dividends 700 14400 15000 0000