Whispering Winds Corps comparative balance sheets are presented below. Whispering Winds Corp. Comparative Balance Sheets December 31 2019 Cash $ 15,100 Accounts receivable 21,200 Land 20,400 Buildings 69,700 Accumulated depreciation-buildings (15,400) Total $111,000 2018 $10,200 23,100 26,000 69,700 (10,600) $118,400 Accounts payable Common stock Retained earnings Total $ 12,700 74,100 24,200 $111,000 $ 28,200 73,400 16,800 $118,400 Additional information: 1. Net income was $22,400. 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 $4,500. (a) Your Answer Correct Answer (Used) 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).) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000, or in parenthesis e.g. (15,000).) Whispering Winds Corp. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities 22.400 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 4.800 Loss on Disposal of Plant Assets 1.100 Decrease in Accounts Receivable 1.900 Decrease in Accounts Payable y (15.500) (7.700) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land 4.500 Cash Flows from Financing Activities Issuance of Common Stock 700 Payment of Dividends (15.000) Net Cash Used by Financing Activities (14,300) Net Increase in Cash 4.900 Cash at Beginning of Period 10,200 Cash at End of Period 15.100 Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $