Answer Happy

Condensed financial data of Ayayai Company for 2020
and 2019 are presented below.
AYAYAI COMPANY
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2020 AND 2019
2020
2019
Cash
$1,820
$1,150
Receivables
1,780
1,310
Inventory
1,600
1,930
Plant assets
1,930
1,710
Accumulated depreciation
(1,200
)
(1,160
)
Long-term investments (held-to-maturity)
1,320
1,400
$7,250
$6,340
Accounts payable
$1,190
$880
Accrued liabilities
190
270
Bonds payable
1,430
1,520
Common stock
1,900
1,730
Retained earnings
2,540
1,940
$7,250
$6,340
AYAYAI COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue
$6,860
Cost of goods sold
4,620
Gross margin
2,240
Selling and administrative expenses
920
Income from operations
1,320
Other revenues and gains
Gain on sale of investments
80
Income before tax
1,400
Income tax expense
540
Net income
Cash dividends
260
Income retained in business
$600
Additional information:

During the year, $70 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 indirect
method.