Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flowsindirect method.

MIGITSU COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$74,000			$23,000
Accounts receivable		87,000			77,000
Inventories		171,000			189,000
Land		72,000			101,000
Equipment		262,000			202,000
Accumulated depreciation		(67,000	)		(34,000	)
Total		$599,000			$558,000
Liabilities and Stockholders Equity
Accounts payable		$36,000			$46,000
Bonds payable		151,000			213,000
Common stock ($1 par)		218,000			174,000
Retained earnings		194,000			125,000
Total		$599,000			$558,000

Additional information:

1.	Net income for 2020 was $100,000.
2.	Cash dividends of $31,000 were declared and paid.
3.	Bonds payable amounting to $62,000 were redeemed for cash $62,000.
4.	Common stock was issued for $44,000 cash.
5.	Equipment that cost $50,000 and had a book value of $30,000 was sold for $37,000 during 2020; land was sold at cost.

(a)

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