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:

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

$\backslash$table$[[$Issuance of shares,$19,500,],[$Payment on long$-$term note payable,$(11,500),],[$Payment for dividends,$(17,600),],[$Net cash used by financing activities,,