+ = View Policies Current Attempt in Progress Condensed financial data of Carla Company for 2020 and 2019 are presented below. CARLA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,810 $1120 Receivables 1.790 1.330 Inventory 1.570 1.940 Plant assets 1.870 1.740 Accumulated depreciation (1.230 01.150 Long-term investments held-to-maturity 1.300 1.440 $7.110 $6,420 * 30 O Type here to search 71F ADD 444 0:31 PM 12/12 thin Question 3 of 4 -/4 II Accounts payable $1.220 $910 Accrued liabilities 200 260 Bonds payable 1.370 1,550 Common stock 1860 1.740 Retained eaming 2460 1.960 $7110 $6,420 CARLA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,810 Cost of goods sold 46B0 Gross margin 2.130 920 Selling and administrative expenses Type here to search ! o R! 62M 77"F 0400 Question 3 of 4 -14 III 920 1.210 Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax 80 1.290 Income tax expense 530 Net income 760 Cash dividends 260 Income retained in business $500 Additional information: During the year, 570 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020 777 ADDA 68 110 HW Cash Flows Question 3 of 4 > -14 Additional information During the year. S70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020 Prepare a statement of cash flows using the direct method. Show amounts in the investing and financing sections that decrease cash flow with either synes -15.000 or in porentheses (15,000 CARLA COMPANY Statement of Cash Flows (Direct Method) s FODE GRPM 12/1/2021 O 1 . E p. Type here to search