10. ) Ds balance sheets as of December 31, 2019 and 2020 are presented below:

2019 2020

Cash $105,000 $240,000

Accounts receivable 75,000 95,000

Prepaid expenses 10,000 20,000

Property, plant, and equipment at cost 140,000 198,000

Accumulated depreciation ( 60,000) ( 78,000)

TOTAL ASSETS $270,000 $475,000

Accrued wages payable $ 40,000 $ 60,000

Unearned revenues 15,000 40,000

Long-term debt 40,000 65,000

Common stock 20,000 25,000

Additional paid-in-capital 55,000 60,000

Retained earnings 100,000 225,000

TOTAL LIABILITIES & SE $270,000 $475,000

SELECTED OTHER INFORMATION:

1. During 2020, D reported net income of $250,000.
2. During 2020, D both borrowed on a long-term basis and paid back some long-term debt. During 2020, D borrowed $45,000.
3. During 2020, D both bought and sold some property, plant, and equipment (PP&E). A machine D sold during 2020 originally cost her $30,000. D sold the PP&E for $10,000. At the time of the sale, the PP&E had accumulated depreciation of $22,000.
4. During 2020, D issued additional common stock and declared and distributed a cash dividend on its common stock.
5. During 2020, D did NOT enter into any non-cash investing or financing activities.

Prepare Ds Statement of Cash Flows (in good form) for the year ended December 31, 2020. D uses the indirect method.