13. Dhofar Metal Corporations comparative Balance sheets are presented below.

DHOFAR METAL Corporation Comparative Balance Sheets, Dec. 31
	2020	2019
Cash	$ 30,400	$ 35,400
Accounts receivable	50,400	44,600
Investments	40,000	32,000
Equipment	120,000	140,000
Accumulated depreciation Equipment	(28,000)	(20,000)
Total	$212,800	$232,000
Accounts payable	$ 29,200	$ 22,200
Bonds payable	20,000	60,000
Common stock	100,000	90,000
Retained earnings	63,600	59,800
Total	$212,800	$232,000

Additional Information:

a. Net income was $36,600. Dividends declared and paid were $32,800.

b. Equipment which cost $20,000 and had accumulated depreciation of $2,400

was sold for $6,600.

c. No noncash investing and financing activities occurred during 2020.

Required:

Prepare a statement of cash flows for 2020 using the indirect method.