I am unsure of the values currently inputted so please verify everything I have done, thanks. I always upvote!

MUIN COMPANY Comparative Statement of Financial Position Dec 31, 2020 Dec. 31, 2019 Assets Cash $66,000 $46,000 70,000 54,000 Accounts receivable Inventories 130.000 93,000 Property, plant, and equipment 290,000 240,000 Accumulated depreciation (79,500) (70,000) Land 86,000 102,000 $562,500 $465,000 Liabilities and shareholders' equity Accounts payable $51,000 $44,000 Income taxes payable 12.000 18,000 Bonds payable 119,000 73,000 Common shares 220.000 200,000 Retained earnings 160,500 130,000 $562,500 $465,000 MUIN COMPANY Statement of Income For the year ended December 31, 2020 $430,000 $ Sales revenue Gain on sale of equipment 8,200 $438.200 Less: Cost of goods sold 200.000 Operating expenses (excluding depreciation) 67,000 Depreciation expense 47,700 Income taxes 37,000 351,700 Net income $86,500 Additional information: 1. Some of the land was sold at book value for carrying value). As a result, there was no gain or loss on this transaction. Equipment costing $41,000 was sold for $11,000, which was $8.200 more than its book value at the time of disposal. 2. Prepare the company's statement of cash flows for 2020 using the indirect method. Assume Muin follows IFRS and has chosen to classify dividends paid as financing activities. (Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis es (15,0001) MUIN COMPANY STATEMENT OF CASH FLOWS - INDIRECT METHOD FOR THE YEAR ENDED DECEMBER 31, 2020 Cash Flows from Operating Activities Net Income $ 30500 Depreciation Expense v 47700 Gain on Sale of Equipment -8200 Increase in Accounts Receivable - 16000 Increase in Inventories -37000 Decrease in Accounts Payable 7000 Increase in Income Taxes Payable -37000 Net Cash Provided by Operating Activities $ - 13000 Cash Flows from Inwesting Activities Proceeds from the sale of Equipment Proceeds from the sale of Land v Purchase of Property, Plant, and Equipment Net Cash Provided by Operating Activities Cash Flows from Financing Activities Proceeds from Issuing Common Shares Proceeds from Issuing Bonds Payable Payment of Dividends Net Cash Provided by Financing Activities Net Change in Cash V $ Cash Beginning Balance y Cash Ending Balance $ e Textbook and Media Calculate the amount of cash that was paid for income taxes during 2020. Cash paid for income taxes $