Please help me to solve this problem Comparative balance sheet accounts for Sharpe, Inc. at December 31, 2020 and 2019 arepresented below:Debit Balances2019202070,000Cash51,000Accounts Receivable155,000130,000Inventory75,00061,00055,00070,000Long-Term Investments85,000Equipment48,000Buildings145,000145,00025,000545.000Land40,000Total610.000Credit Balances20202019Allowance for Doubtful Accounts10,0008,000Accum. Depreciation- EquipmentAccum. Depreciation- Buildings14,00028,00021,00037,000Accounts Payable66,00060,000Income Taxes Payable12,00010,000Long-Term Notes Payable62,00070,000310,000260,000Common Stock92,000610,00095.000545,000Retained EarningsTotalSharpe's 2020 income statement is as follows:950,000Sales600,000350,000Cost of Goods SoldGross ProfitOperating Expenses(including depreciation)Income From OperationsOther Income(Expenses):250,000100,000Gain on Sale of Investments 15,000Loss on Sale of Equipment (3.000)12,000Income Before Taxes112,00045,000Income Taxes67.000Net IncomeCONTINUED ON NEXT PAGE Additional Information:1.Equipment that cost $10,000 and was 60% depreciated was sold in 2020.Cash dividends were declared and paid during 2020.Common stock was issued in exchange for land.2.3.Long-Term Investments that cost $35,000 were sold during 2020.There were no write-offs of uncollectible accounts during 2020.4.5.REQUIRED:Prepare Sharpe's statement of cash flows for 2020 using the indirect method.

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Comparative balance sheet accounts for Sharpe, Inc. at December 31, 2020 and 2019 are presented below: Debit Balances 2020 70,000 2019 51,000 Cash Accounts Receivable 155,000 130,000 Inventory 75,000 61,000 Long-Term Investments 55,000 85,000 70,000 145,000 40,000 610.000 48,000 Equipment Buildings 145,000 Land 25,000 Total 545.000 2020 10,000 2019 8,000 Credit Balances Allowance for Doubtful Accounts 14,000 Accum. Depreciation- Equipment Accum. Depreciation- Buildings 21,000 37,000 28,000 Accounts Payable 66,000 60,000 12,000 10,000 Income Taxes Payable Long-Term Notes Payable 62,000 70,000 Common Stock 310,000 260,000 92,000 610,000 95.000 545.000 Retained Earnings Total Sharpe's 2020 income statement is as follows: Sales 950,000 Cost of Goods Sold 600,000 Gross Profit 350,000 Operating Expenses(including depreciation) Income From Operations Other Income(Expenses): 250,000 100,000 Gain on Sale of Investments 15,000 Loss on Sale of Equipment L3,000) 12,000 112,000 Income Before Taxes 45,000 Income Taxes 67.000 Net Income ONTINUED ON NEXT PAGE