It is your first day in the accounting department of Boomerang Inc. You are provided with the following financial statements for the year ended December 31, 2020

Boomerang Inc
Comparative Balance Sheet
As of December 31, 2020 and 2019
	2020	2019
Assets
Cash	24,300	18,500
Accounts Receivable	28,400	29,600
Marketable securities	23,900	8,200
Inventory	40,300	33,200
Land	17,000	22,200
Property, plant and equipment (net of depreciation)	218,600	185,400
	352,500	297,100
Liabilities
Accounts payable	19,400	22,700
Interest payable	11,200	19,200
Notes payable	-	28,700
Bonds payable	71,600	45,800
Shareholder's Equity
Common stock	187,200	135,600
Retained Earnings	63,100	45,100
	352,500	297,100
Boomerang Inc.
Income statement
For the year ended December 31, 2020
Revenues
Sales revenue	225,300
Expenses
Cost of goods sold	72,500
Salaries expense	35,800
Depreciation expense	22,800
Interest expense	6,700
Loss on sale of land	1,300
Net income	86,200
Additional information:
1. Boomerang did not purchase any land during the year.
2. Boomerang did not dispose of any property, plant and equipment during the year.
3. For 2020, beginning accumulated depreciation for PPE was		$54,000
and ending accumulated depreciation was		$76,800

Required:

Prepare a cash flow statement in good form, using the indirect method, for the year ended December 31, 2020. (20 marks)