A comparative balance sheet for B.C. Ltd. is presented as follows: Balance Sheet 2020 2019 Assets $ $ Cash 300 490 Accounts receivable 1,070 810 Inventory 1,350 1,380 Equipment 5,150 3,190 Less: Accum. Depreciation (800) (1,000) Liabilities Accounts payable 810 570 Accrued expense 50 Bonds payable (Long-term) 1,600 770 Shareholder's Equity Common shares 3,590 2,590 Retained earnings 1,020 860 80 Cash Accounts Rec Inventory Equipment Accumulated Dep Accounts Payable Accrued Expenses Bonds Payable Common Shares Retained Earnings Income Statement 2020 $ 2019 $ Revenues Sales 13,330 11,280 Expenses and others Cost of goods sold 9,620 8,550 Other expenses 1,950 1,620 Depreciation expense 180 160 Loss on sale of old equipment 350 0 Net income 1,230 950 During 2020, the company sold some of their old equipment. $3,000 of new equipment items were acquired by issuing common shares of $600, and the balance paid with cash. REQUIRED: (a) Use Direct method to prepare in good form the 2020 Statement of Cash Flows for the company. (Cash flows from operating activities and investment activities ONLY) (16) $