Balance Sheet information (same as linked, provided here just in case!):

	Balance Sheet Information
	12/31/2020	12/31/2019
Cash	123,150	110,800
Accounts Receivable	60,000	10,000
Allowance for Bad Debts	(5,000)	(1,000)
Rent Receivable	700	600
Interest Receivable	2,000	6,000
Inventory	10,000	20,000
Prepaid Insurance	4,000	2,000
Building and Equipment	1,250	2,500
Accumulated Depreciation	(400)	(900)
Accounts Payable	35,000	20,000
Salaries Payable	10,000	5,000
Unearned Rent Revenue	2,000	6,000
Taxes Payable	4,000	4,000
Deferred Tax Liability (DTL)	2,000	1,000
Dividends Payable	2,000	3,000
Interest Payable	300	0
Bonds Payable	10,000	0
Discount on Bonds Payable	(900)	(0)
Common Stock ($1 par)	37,400	34,000
APIC (all APIC accounts)	73,900	67,000
Retained Earnings	20,000	10,000

	2020 Income Statement
Sales Revenue	95,000
Rent Revenue	8,000
Interest Revenue	10,000
Cost of Goods Sold	40,000
Salaries Expense	13,000
Compensation Expense (stock options)	3,000
Depreciation Expense	100
Insurance Expense	5,000
Bad Debt Expense	6,000
Interest Expense Bonds	700
Tax Expense	6,000
Loss on Sale of Building	400
Net Income	$38,800

Consider the below facts about the Hewt Company's 2020 performance, as well as the Balance Sheet information located above.

• On January 1, 2020, Hewt issued bonds with a face value of $10,000 for $9,000 cash. The bonds mature in 10 years, and Hewt uses straight-line amortization for any associated discount or premium. Hewt did not retire any bonds during 2020.

• During 2020, Hewt did not purchase any buildings or equipment.

• All dividends declared in 2020 were cash dividends (e.g., not stock or property dividends).

• Hewt did not retire any common stock during 2020.

Prepare an entire statement of cash flows using the direct method.

Components of Cash from Operations:

Cash received from customers

Cash received for rent

Cash received for interest

Cash paid to suppliers

Cash paid to employees

Cash paid for insurance

Cash paid for interest

Cash paid for income taxes