Whispering Winds Corp. Comparative Balance Sheets December 31 Assets 2020 Cash $ 36,000 Accounts receivable 32,600 Inventory 30,100 Equipment 59,700 Accumulated depreciation-equipment (29,800) Total $128,600 2019 $20,300 18,700 20,700 77,200 (23,300) $113,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 28,000 7,500 26,600 17,900 48,600 $128,600 $16,100 8,200 32,600 14,000 42,700 $113,600 Whispering Winds Corp. Income Statement For the Year Ended December 31, 2020 Sales revenue $241,200 Cost of goods sold 175,400 Gross profit 65,800 Operating expenses 23,800 Income from operations 42,000 Interest expense 2,500 Income before income taxes 39,500 Income tax expense 8,500 Net income $ 31,000 Additional data: 1. Dividends declared and paid were $25,100. 2. During the year, equipment was sold for $9,800 cash. This equipment cost $17,500 originally and had a book value of $9,800 at the time of sale. 3. All depreciation expense, $14,200, is in the operating expenses. 4. All sales and purchases are on account. 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).) Whispering Winds Corp. Statement of Cash Flows Adjustments to reconcile net income to