Exercise 12-09 Here are comparative balance sheets for Larkspur, Inc.. Larkspur, Inc. Comparative Balance Sheets December 31 Assets 2020 2019 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total $ 72,800 86,400 170,200 72,800 260,000 (66,500) $595,700 $ 33,300 71,300 186,700 101,600 200,000 (33,800) $559,100 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 35,000 150,800 215,200 194,700 $595,700 $ 47,200 203,600 173,000 135,300 $559,100 Additional information: 1. Net income for 2020 was $102,000. 2. Cash dividends of $42,600 were declared and paid. 3. Bonds payable amounting to $52,800 were redeemed for cash $52,800. 4. Common stock was issued for $42,200 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare 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).) Larkspur, Inc. Statement of Cash Flows Adjustments to reconcile net income to