Your answer is partially correct. Try again. Condensed financial data of Swifty Corporation follow. Swifty Corporation Comparative Balance Sheets December 31 Assets 2020 2019 Cash $100,100 $47,600 Accounts receivable 92,800 33,700 Inventory 111,500 101,700 Prepaid expenses 29,400 25,700 Investments 140,200 114,100 Equipment 264,000 241,200 Accumulated depreciation-equipment (47,500) (52,100) Total $690,500 $511,900 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,200 $67,000 16,500 17,000 114,400 149,800 219,100 174,000 229,300 104,100 $690,500 $511,900 ion). Retained earnings Total 229,300 104,100 $690,500 $511,900 Swifty Corporation Income Statement For the Year Ended December 31, 2020 Sales revenue $391,400 Less: Cost of goods sold $135,700 Operating expenses, excluding depreciation 11,100 Depreciation expense 32,300 Income tax expense 27,600 Interest expense 4,500 Loss on disposal of plant assets 7,500 218,700 Net income $172,700 Additional information: 1. New equipment costing $79,700 was purchased for cash during the year. 2. Old equipment having an original cost of $56,900 was sold for $12,500 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $47,500 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - - (15,000).) Swifty Corporation Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 172700 Adjustments to reconcile net income to Depreciation Expense 32300 Loss on Disposal of Plant Assets 7500 Increase in Accounts Receivable (59100) Increase in Accounts Payable 44200 Decrease in Accrued Expenses Payable (500) Increase in Prepaid Expenses (3700) Increase in Inventory (9800) Net Cash Provided by Operating Activities 183600 183600 Net Cash Provided by Operating Activities v Cash Flows from Investing Activities Purchase of Investments (26100) Purchase of Plant Assets (79700) > Sale of Plant Assets 12500 Net Cash Used by Investing Activities 93300 3300 Cash Flows from Financing Activities 47500 Payment of Cash Dividends on) Redemption of Bonds 35400 ion) Issuance of Common Stock 45100 tudy x Net Cash Provided by Financing Activities (37800) Cash Flows from Financing Activities x 47500 Payment of Cash Dividends X 35400 Redemption of Bonds > 45100 Issuance of Common Stock Net Cash Provided by Financing Activities (37800) 52500 Net Increase in Cash 47600 Cash at Beginning of Period 100100 Cash at End of Period Question Attemp