Use the following information to prepare Statement of Cash Flows for ABC Company using the direct method. Then prepare a reconciliation of Net Income to Cash Flow from Operating activities. ABC Company Comparative Balance Sheet Cash Accounts receivable, net Inventory Land Equipment Accumulated depreciation Total Assets December 31 2020 2019 192,000 $ 156,000 190,000 177,000 161,000 123,000 180,000 285,000 1,565,000 900,000 (77.000 (141.000 $2.211.000 S1.500.000 Accounts payable Notes payable Capital stock, $10 par Retained earnings Total Liabilities and Stockholders' Equity $ 202,000 600,000 1,125,000 284.000 $2.211.000 $ 150,000 -0- 1,125,000 225.000 S1.500.000 ABC Company Income Statement for the period ending December 31, 2020 Sales Revenue 51,000,000 Cost of Goods Sold 550.000 Gross Profit 450,000 Advertising Expenses 74,000 Depreciation Expense 26,000 Administrative Expenses 125.000 Total Expenses Operating Income Loss on Sale of Equipment Gain on Sale of Land Net Income 235.000 225,000 (25.000) 45.000 245,000 Additional Data: All purchases and sales of inventory are made on account. Land was sold for S150,000 ABC Company sold equipment, which cost $225,000 and had accumulated depreciation of 590,000 for $110,000 If you assume the NP relates to the equipment you must include at