The comparative balance sheets for Marigold Corporation show the following information. December 31 2020 2019 Cash $33,300 $13,000 Accounts receivable 12,400 9,900 Inventory 12,000 8,900 Available-for-sale debt investments -0- 3,000 Buildings -0- 29,600 Equipment 45,200 19.800 Patents 5,000 6,100 $107,900 $90,300 Allowance for doubtful accounts $3,000 $4,600 Accumulated depreciation-equipment 2,000 4,500 Accumulated depreciation-building -0- 6,100 Accounts payable 5,000 3,000 Dividends payable -0- 5,000 Notes payable, short-term (nontrade) 2,900 4,100 Long-term notes payable 31,000 25,000 Common stock 43,000 33,000 Retained earnings 21,000 5,000 $107,900 $90,300 Additional data related to 2020 are as follows. 1. Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2,400. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5,000. 4. 5. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $29,700 (net of $2,000 taxes). Debt investments (available-for-sale) were sold at $1,600 above their cost. The company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $1,900 and income taxes of $6,500 were paid in cash. Cash Flows from Operating Activities MARIGOLD CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Net Income Adjustments to reconcile net income to Depreciation Expense Patent Amortization > > > > > > $ 19 1860 1100 OF 16000 Supplemental disclosures of cash flow information: $ 10 $ $ $ $