ICE Drilling Inc.$\text{'}$s balance sheet information and income statement are as follows:

Additional information regarding ICE Drilling's activities during $2020$:

Loss on sale of equipment is $$10,280.$

Paid $$69,080$ to reduce a long$-$term note payable.

Equipment costing $$99,000,$ with accumulated depreciation of $$57,000,$ is sold for cash.

Equipment costing $$214,680$ is purchased by paying cash of $$54,800$ and signing a long$-$term note payable for the balance.

Borrowed $$8,400$ by signing a short$-$term note payable.

Issued $10,080$ common shares for cash at $$10$ per share.

Declared and paid cash dividends of $$137,960.$

Required:

Prepare a statement of cash flows for $2020$ that reports the cash inflows and outflows from operating activities according to the

indirect method. $($List any deduction in cash and cash outflows as negative amounts.$)$