Brecker Inc. Income Statement For the Year Ending December 31, 2020 Sales revenue $338,150 Cost of goods sold 175,000 Gross profit 163,150 Operating expenses 120,000 Operating income 43,150 Interest expense $11,400 Gain on sale of equipment 2,000 9,400 Income before tax 33,750 6,750 $ 27,000 Additional information: Income tax expense Net income 1. Dividends in the amount of $6,000 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2020. Instructions Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedul