Coquitlam Sporting Equipment Ltd. gathered the following data from its accounting records for the year ended December 31, 2020:

Cash balance January 1 $ 11,000

Cash balance December 31 2,000

Paid down bank loan 28,000

Sold preferred shares 10,000

Net income December 31 72,000

Net income June 30 30,000

Paid for a delivery truck 90,000

Signed a $50,000 note to receive display equipment 50,000

Depreciation expense 22,000

Increase in accounts receivable 5,000

Increase in salaries payable 10,000

Prepare the complete cash flow statement for the company using the indirect method for December 31, 2020. (5)