13. Dhofar Metal Corporations comparative Balance sheets are presented below. Additional Information: a. b. c. Net income was $36,600. Dividends declared and paid were $32,800. Equipment which cost $20,000 and had accumulated depreciation of $2,400 was sold for $6,600. No noncash investing and financing activities occurred during 2020. DHOFAR METAL Corporation Comparative Balance Sheets, Dec. 31 2020 Cash $ 30,400 Accounts receivable 50,400 Investments 40,000 Equipment 120,000 2019 $ 35,400 44,600 32,000 140,000 (20,000) $232,000 $ 22,200 60,000 90,000 59,800 $232,000 Accumulated depreciation Equipment Total Accounts payable Bonds payable Common stock Retained earnings Total (28,000) $212,800 $ 29,200 20,000 100,000 63,600 $212,800 Required: Prepare a statement of cash flows for 2020 using the indirect method.