Assets Cash Accounts receivable, net Medical supplies Inventory Long-term investments Medical Equipment Accumulated depreciation Total assets 31-Dec 1-Jan 7,000 ? 11,000 2,000 39,000 24.000 23,000 9,000 83,000 100,000 -66,000 -62,000 97,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable Common stock Retained earnings Total liabilities and stockholders' equity 9,000 28,000 1,000 2,000 16,000 10,000 42,000 30,000 29,000 15,000 97,000 85.000 Additional information: Reyes' net income was P34,000.. No fixed assets were purchased. There was a gain of P3,000 on equipment which was sold. The accumulated depreciation on said equipment was P12,000. Long-term investments worth P10,000 were sold at a loss of P1,000. Cash dividends of P20,000 were declared and paid during the year. Required: Prepare the statement of cash flows using the indirect method for operating activities for the year ending Dec. 31, 2020