Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $72,800 Accounts receivable 86,400 Inventory 169,700 Land 73,400 Equipment 260,900 Accumulated depreciation-equipment (66,000) Total $597,200 Liabilities and Stockholders' Equity Accounts payable $35,400 Bonds payable 148,800 Common stock ($1 par) 214,500 Retained earnings 198,500 $597,200 Total 2019 $32,900 70,700 187,400 101,400 199,500 (34,100) $557,800 $47,000 203,700 174,800 132,300 $557,800 Total $597,200 $557,800 Additional information: 1. Net Income for 2020 was $101.600. 2. Cash dividends of $35,400 were declared and paid. 3. Bonds payable amounting to $54,900 were redeemed for cash $54,900 4. Common stock was issued for $39,700 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000, or in parenthesis (15,000).) Vela Company Statement of Cash Flows Adjustments to reconcile net income to