LUMA Linpin Progress Presented below are data taken from the records of Sweet Company Cash Current assets other than cash Long-term investments Plant assets December 31, December 31, 2020 2019 $15,000 $8,100 85,800 60,600 10,000 52,600 332,900 216,300 $443,700 $337,600 $40,200 22,100 Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings $19.900 39.600 75.400 254,400 54400 $443,700 254,400 20,900 $337.800 Additional information: 1. Held-to-maturity debt securities carried at a cost of $42.600 on December 31, 2019, were sold in 2020 for $33.900. The loss (not unusual) was incorrectly charged directly to Retained Earnings 2. Plant assets that cost $50.000 and were 80% depreciated were sold during 2020 for $8.100. The loss was incorrectly charged directly to Retained Earnings 3. Net income as reported on the income statement for the year was $57 400 4. Dividends paid amounted to $13.300. 5. Depreciation charged for the year was $19.700. Prepare a statement of cash flows for the year 2020 using the indirect method. (Show amounts that decrease cash flow with either a sign 15.000 or in parenthesis es (15,000 Prepare a statement of cash flows for the year 2020 using the indirect method. (Showrons that d oes low whether SWEET COMPANY Statement of Cash Flows Adjustments to reconcile net income to | | | | | | | | || |||| | LLLLLLLL E LLLLL | N Textbook and Media