Below is the 2020 income statement for Prince Paper 100,000 (40,000) 60,000 Net sales Cost of goods sold Gross profit Wage expense 25,000 Depreciation 5.000 expense Interest expense 2,000 Tax expense 4,000 Net income (36,000) 24,000 . . . Accounts receivable increased by $8,000 Inventory increased by $4,000 Accounts payable increased by $6,000 Prepaid expenses decreased by $2,000 Wages payable decreased by $5,000 Interest payable increased by $1,000 Purchased $15,000 of equipment for cash . Sold a machine for $5,000 cash (its book value) Paid down $5,000 on long-term note $7,000 of additional common stock was issued for cash Cash dividends of $5,000 were declared and paid during the year Cash at the beginning of the year was $20,000. Cash at the end of the year was $28,000. Prepare the statement of cash flows for the year ended December 31, 2020. Do not worry about format or labels for this one - I'm really just focusing on the correct sums for the 3 types of cash flows on this statement. If you are running out of time on the exam, just provide the sums for now and then come back and add your work later on