Larkspur Inc. had the following balance sheet at December 31, 2019.

LARKSPUR INC. BALANCE SHEET DECEMBER 31, 2019
Cash		$21,470		Accounts payable		$31,470
Accounts receivable		22,670		Notes payable (long-term)		42,470
Investments		33,470		Common stock		101,470
Plant assets (net)		81,000		Retained earnings		24,670
Land		41,470				$200,080
		$200,080

During 2020, the following occurred.

1.		Larkspur Inc. sold part of its debt investment portfolio for $15,463. This transaction resulted in a gain of $3,863 for the firm. The company classifies these investments as available-for-sale.
2.		A tract of land was purchased for $14,470 cash.
3.		Long-term notes payable in the amount of $16,463 were retired before maturity by paying $16,463 cash.
4.		An additional $20,463 in common stock was issued at par.
5.		Dividends of $8,663 were declared and paid to stockholders.
6.		Net income for 2020 was $33,470 after allowing for depreciation of $11,463.
7.		Land was purchased through the issuance of $36,470 in bonds.
8.		At December 31, 2020, Cash was $38,470, Accounts Receivable was $43,070, and Accounts Payable remained at $31,470.

(a)

Prepare a statement of cash flows for 2020.