Marin OAO issued the following statement of cash flows for $2020.$

Marin OAO

Statement of Cash Flows$-$Indirect Method

For the Year Ended December $31,2020$

Cash flows from operating activities

Net income

$58,600$

Adjustments to reconcile net income to net cash

provided by operating activities:

$\backslash$table$[[$Depreciation expense,$9,200,],[$Loss on disposal of plant assets,$8,800,],[$Decrease in accounts receivable,$3,400,],[$Increase in inventory,$(4,900),],[$Decrease in accounts payable,$(2,700),13,800],[$cash provided by operating activities,,$72,400]]$

Cash flows from investing activities

Sale of investments

$3,100$

Purchase of equipment

$(27,400)$

Net cash used by investing activities

$(24,300)$

Cash flows from financing activities

Issuance of shares

$19,500$

Payment on long$-$term note payable

$(11,500)$

Payment for dividends

$(17,600)$

Net cash used by financing activities

Net increase in cash

$\backslash$table$[[(9,600)$