Part 2: The following information was taken from the accounting records of the Magnificent Company: Balance at 12/31/20 $96,200 28,000 85,000 4,000 90,000 (46,000) Balance at 12/31/19 $30,000 45,000 75,000 3,000 75,000 (30,000) Cash Accounts receivable, net Inventory Prepaid expenses Equipment Accumulated depreciation - equipment Buildings Accumulated depreciation - buildings Land Intangible assets Total assets 100,000 (30,000) 200,000 18,000 $545,200 100,000 (25,000) 200,000 20,000 $493,000 Accounts payable Salaries payable Income taxes payable Notes payable Bonds payable Common stock APIC - common stock Retained earnings Total liabilities and equity $765 7,000 8,000 25,000 50,000 105,000 230,000 119,435 $545,200 $25,000 6,000 10,000 -0- 50,000 100,000 200,000 102,000 $493,000 . . The following additional information was also provided: Cash dividends of $7,000 were declared and paid. 1,000 shares of $5 par value common stock were sold for $35 per share. Equipment costing $25,000 was purchased by the issuance of a note payable. Equipment costing $10,000 (with a net book value of $2,000) was sold for $1,000. Fixed assets were depreciated and intangible assets were properly amortized. Required Prepare a statement of cash flows in good form