Calex Inc. reported the following comparative balance sheets. Balance Sheets Cash and cash equivalents Accounts receivable. Equipment Accumulated depreciation Total assets.. Salaries payable. Long-term notes payable Capital stock.. Retained earnings Total liabilities and stockholders' equity Additional information 1. Net income for the current year was $9,750. 2. No disposals of equipment took place during the year. Dec. 31, 2019 $ 4,000 3,000 10,000 (1,000) $16,000 $ 1,000 5,000 8,000 2,000 $16,000 Dec. 31, 2020 $10,750 2,000 15,000 (2,000) $25,750 $ 2,000 5,000 8,000 10,750 $25,750 Required Prepare the statement of cash flows for Calex for the year ended December 31, 2020, using the indirect method to report cash flows from operating activities.