Data presented below are from the reords of Antonio Brasileiro Company:

December $31,2020$ December $31,2019$

Cash $15,0008,000$

Current assets other than cash $85,00060,000$

Long$-$term investmnets $10,00053,000$

Plant assets $335,000215,000$

$445,000336,000$

Accumulated depreciation $20,00040,000$

Current libiliaites $40,00022,000$

Bonds payable $75,0000$

Common stock $254,000254,000$

Retained earnings $56,00020,000$

$445,000336,000$

Instructions:

$1$ In $2020,$ the company sold for $$34,000$ available$-$for$-$sale debt investment carried at a cost of $$43,000$ on December $31,2020.$ No unrealized gains or losses were recorded on this investment in $2020.$

$2$ In $2020,$ the company sold for $$8,000$ plant assets that cost $$50,000$ and were $80\%$ depreciated. The loss was incorrectly charged directly to Retained Earnings

$3$ Net income as reported on the income statement for the year was $$48,000.$

$4$ The company paid dividends totaling $$10,000.$

$5$ Depreciation charged for the year was $20,000$

Prepare a statement of cash flows for the year $2020$ using the indirect method.