Hudson Technologies Ltd., a retailer of consumer drones and related products, is preparing its financial statements at December 31, 2020. The statements are completed except for the Statement of Cash Flows. The completed comparative balance sheets and income statement are summarized below:

Balance Sheets as at December 31	2020	2019
Cash	$49,000	$18,000
Accounts receivable	27,000	29,000
Inventory	30,000	36,000
Property and equipment	111,000	102,000
Less: accumulated depreciation	(36.000)	(30,000)
Total assets	$181,000	$155,000
Accounts payable	$25,000	$22,000
Wages payable	800	1,000
Long-term notes payable	38,000	48,000
Common shares	80,000	60,000
Retained earnings	37,200	24,000
Total liabilities and shareholders' equity	$181,000	$155,000
Income Statement	2020
Sales	$105,000
Cost of goods sold	61,000
Operating expenses	21,000
Depreciation expense	6,000
Net income	$17,000

Additional details related to the above for 2020: a. Bought computer equipment for cash $9,000. b. Paid $10,000 on the long-term note payable. c. Issued new common shares for $20,000. d. The company paid a dividend during the year. Required: Complete the following Statement of Cash Flows for the year ended December 31, 2020 using the indirect method. Note: Enter any negative numbers using a minus sign NOT brackets.

Hudson Technologies Ltd.

Statement of Cash Flows

For the Year Ended December 31, 2020

Cash flows from operating activities
Net income		Answer
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	Answer
Decrease in accounts receivable	Answer
Decrease in inventory	Answer
Increase in accounts payable	Answer
Decrease in wages payable	Answer
Net cash provided by operating activities		Answer
Cash flows from investing activities
Purchase of equipment		Answer
Cash flows from financing activities
Payments on long-term note	Answer
Issuance of shares	Answer
Dividends paid	Answer
Net cash provided by financing activities		Answer
Net increase in cash during the year		Answer
Cash balance, January 1, 2020		Answer
Cash balance, December 31, 2020