LAG Network Inc.'s balance sheet and income statement are as follows: points $ 924,600 552,280 $ 372,400 LAG Network Inc. Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense $ 25, 20e Other expenses 22.300 Total operating expenses Profit from operations Income taxes Profit $ 123,400 References LAG Network Inc. Comparative Balance Sheet Information December 31 2020 Assets 81,150 38,400 291,750 150,400 62.889) $493,900 $ 53,600 36,500 242, zee 137,6ee (42.600) $427,6ee Accounts receivable Merchandise Inventory Equipment Accumulated depreciation Total assets Liabilities and Equity Accounts payable Income taxes payable Common shares Retained earnings Total liabilities and equity 27,200 359,00 1e9.180 $493,980 39,800 6,200 343,5ee 35,160 Additional information regarding LAG Network Inc.'s activities during 2020 a. Equipment is purchased for $12,800 cash. b. 6.200 common shares are issued for cash at $2.50 per share. c. Declared and paid $46,800 of cash dividends during the year. Required: Prepare a statement of cash flows for 2020 that reports the cash inflows and outflows from operating activities according indirect method. (List any deduction in cash and cash outflows as negative amounts)