Condensed financial data of Wildhorse Company for 2020 and 2019 are presented below.

WILDHORSE COMPANY
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2020 AND 2019
2020 2019
Cash $1,820 $1,140
Receivables 1,780 1,290
Inventory 1,590 1,860
Plant assets 1,870 1,710
Accumulated depreciation (1,220) (1,150)
Long-term investments-
(held-to-maturity) 1,270 1,420
$7,110 $6,270
Accounts payable $1,170 $880
Accrued liabilities 210 240
Bonds payable 1,390 1,580
Common stock 1,930 1,680
Retained earnings 2,410 1,890
$7,110 $6,270

WILDHORSE COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $6,930
Cost of goods sold 4,750
Gross margin 2,180
Selling and administrative expenses 940
Income from operations 1,240
Other revenues and gains
Gain on sale of investments 80
Income before tax 1,320
Income tax expense 540
Net income 780
Cash dividends 260
Income retained in business $520

Additional information:
During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.
Required:
Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)