Newman Corporation's comparative balance sheets are presented below. Newman Corporation Comparative Balance Sheet December 31 Assets Cash Accounts receivable Investments (long-term) Equipment Accumulated depreciation Total Assets 2020 $15,200 25,200 20.000 60,000 (14.000 $106,400 2019 $17,700 22,300 16,000 70.000 (10.000) $116,000 Liabilities & Stockholder Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Liabilities & Stockholder Equity $14,600 10,000 50,000 31,800 $106,400 $11,100 30,000 45,000 29,900 $116,000 Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instruction Prepare a statement of cash flows for 2020 using the indirect method