Exercise 5-14 The comparative balance sheets of Buffalo Inc. at the beginning and the end of the year 2020 are as follows. BUFFALO INC. BALANCE SHEETS Inc./Dec. Dec. 31, 2020 Jan. 1, 2020 Assets Cash $47,100 $15,100 $32,000 Inc. 5,100 Inc 19,100 Inc 10,620 Inc Accounts receivable 95,620 90,520 Equipment 43,620 24,520 Less: Accumulated Depreciation-Equipment 21,620 11,000 $164,720 $119,140 Total Liabilities and Stockholders' Equity $ 24,620 7,100 Inc 19,580 Inc Accounts payable $17,520 Common stock 102,100 82,520 Retained earnings Total 38,000 18,900 Inc. 19,100 $164,720 $119,140 Net income of $48,620 was reported, and dividends of $29,720 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BUFFALO INC. Statement of Cash Flows Adjustments to reconcile net income to Open Show Work Click if you would like to Show Work for this