Question 28 Condensed financial data of Crane Company for 2020 and 2019 are presented below. CRANE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 Cash $1,780 Receivables 1,750 Inventory 1,590 Plant assets 1,940 Accumulated depreciation (1,190 ) Long-term investments (held-to-maturity) 1,300 $7,170 2019 $1,120 1,300 1,940 1,670 (1,140 ) 1,400 $6,290 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,380 1,920 2,460 $7,170 $880 250 1,570 1,730 1,860 $6,290 CRANE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business $7,040 4,800 2,240 910 1,330 80 1,410 550 860 260 $600 Additional information: During the year, $120 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. 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).)