LAG Network Inc.'s balance sheet and income statement are as follows: $ 928,600 556,200 $ 372,400 LAG Network Inc. Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold Gross profit Operating expenses : Depreciation expense $ 25,200 Other expenses 232,800 Total operating expenses Profit from operations Income taxes Profit 258,888 $ 114,480 18,600 $ 95,800 $ LAG Network Inc. Comparative Balance Sheet Information December 31 Assets 2020 2019 Cash 81,190 $ 54,480 Accounts receivable 42,480 37,680 Merchandise inventory 284,710 247, see Equipment 154,488 138,40e Accumulated depreciation (71,800) (46,600) Total assets $ 499,900 $ 431,600 Liabilities and Equity Accounts payable 31,200 $ 43,880 Income taxes payable 11,600 10,200 Common shares 363,000 337,500 Retained earnings 85,100 40, 100 Total liabilities and equity $ 499,900 $ 431,600 $ Additional information regarding LAG Network Inc.'s activities during 2020: Required: Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and o any deduction in cash and cash outflows as negative amounts.) For Year End Cash flows from operating activities $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0