Covey AG Comparative Statements of Financial Position December 31 Amount in $ Amount in $ 2020 2019 Investment 23.000 16.000 Equipment 60.000 70.000 Accumulated Depreciation-Equipment Account Receivable 14.000 10.000 24.200 22.300 17.700 116.000 Cash 28.200 Total 121.400 Ordinary Shares 60.000 45.000 Retained Earnings 31.800 29.900 Bonds Payable 10.000 30.000 Accounts payable 19.600 11.100 121.400 116.000 Additional information: 1. Net Income was $28,300. Dividends declared and paid were $26,400 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $4,300 3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instruction: Prepare a statement of cash flows for 2020 using the indirect method.