ICE Drilling Inc.'s balance sheet information and income statement are as follows: Additional information regarding ICE Drilling's activities during 2020: 1. Loss on sale of equipment is $11,280. 2. Paid $70,080 to reduce a long-term note payable. 3. Equipment costing $104,000, with accumulated depreciation of $62,000, is sold for cash. 4. Equipment costing $215,680 is purchased by paying cash of $55,800 and signing a long-term note payable for the balance. 5. Borrowed $8.400 by signing a short-term note payable. 6. Issued 10.080 common shares for cash at $10 per share. 7. Declared and paid cash dividends of $138,960. 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 cosh and cash outflows as negative omounts.)