Use the following income statement for Rockford Company and selected information from its comparative balance sheet to prepare Rockford's 2020 Statement of Cash Flows using the indirect method the required disclosures for interest and income tax expense. Rockford Compay Income Statement FYE 12/31/20 $ 1,845,000 738,000 1,107,000 442,500 70,000 512,500 594,500 Revenues Cost of goods sold Gros profit Operating expenses Depreciation expense Operating income Other income/expenses) Interest expense Gain on the sale of machinery Loss on the sale of investments Income before income tax Income tax expense Net income (39,000) 18,000 12,000 19,000) 585,500 122,950 $ 462,550 Rockford's comparative balance sheet information for 2020 included: Accounts receivable Accounts payable Income taxes payable Interest payable Bonds payable Discount on bonds payable 12/31/20 402,000 70,500 25,500 13,500 750,000 39,000 12/31/19 385,500 63,000 20,250 11,250 750,000 42,000