Financial statement information from the balance sheet and a list of additional data is provided below for Walnut Creek Saddlery and Western Wear. December 31 2019 2020 Cash $42,000 $60,000 Accounts receivable (net) 45,400 32,200 Inventory 85,700 87,920 Land 45,000 Equipment 103,000 85,600 Accumulated depreciation (41,600) TOTAL $279,500 (40.200) $225.520 Accounts payable $26,560 $ 11,810 Notes payable - long-term 60,000 10,000 Common stock 90,000 150,000 Retained earnings 102,940 53,710 TOTAL $279,500 $225,520 Additional data for 2020: 1. 2. 3. 4. 5. The company reported a net loss of $45,730. Land was sold for a profit of $30,700. Dividends of $3,500 were declared and paid. Equipment costing $17,400 with accumulated depreciation of $11,400 was sold for $5,000 cash. stock. The long-term note was paid down with funds from selling additional common Instructions: Prepare a statement of cash flows using the "indirect method" for the year ending December 31, 2020. Be sure to prepare the statement with proper format and correct account heading and date.