Comparative balance sheet accounts for Sharpe, Inc. at December 31, 2020 and 2019 are presented below: Debit Balances Cash 2020 2019 70,000 51,000 Accounts Receivable 155,000 130,000 Inventory 75,000 61,000 Long-Term Investments 55,000 85,000 Equipment 70,000 48,000 Buildings 145,000 145,000 Land 40,000 25,000 Total 510,000 545,000 Credit Balances 2020 2019 Allowance for Doubtful Accounts 10,000 8,000 Accum. Depreciation Equipment 21,000 14,000 Accum. Depreciation- Buildings 37,000 28,000 Accounts Payable 66,000 60,000 Income Taxes Payable 12,000 10,000 Long-Term Notes Payable: 62,000 70,000 Common Stock 310,000 260,000 Retained Earnings 92,000 95,000 Total 610,000 545,000 Sharpe's 2020 income statement is as follows: Sales 950,000 Cost of Goods Sold 600,000 Gross Profit 350,000 Operating Expenses(including depreciation) 250,000 Income From Operations 100,000 Other Income(Expenses): Gain on Sale of Investments 15,000 Loss on Sale of Equipment (3,000) 12,000 Income Before Taxes 112,000 Income Taxes 45,000 Net Income: CONTINUED ON NEXT PAGE 67,000 Additional Information: 1. 2. 3. 4. 5. Equipment that cost $10,000 and was 60% depreciated was sold in 2020. Cash dividends were declared and paid during 2020. Common stock was issued in exchange for land. Long-Term Investments that cost $35,000 were sold during 2020. There were no write-offs of uncollectible accounts during 2020. REQUIRED: Prepare Sharpe's statement of cash flows for 2020 using the indirect method