Please explain me how to do this task. Thank you so much.

Lobo Inc.'s comparative statements of financial position are presented below. Each fiscal year ends on December 31. Assets 2020 2019 Land $136,300 $122,200 Equipment 214,320 145,700 Accumulated depreciation-equipment (42,300 ) ( 32,900 ) Buildings 188,000 188,000 Accumulated depreciationbuildings ( 56,400) ( 37,600 ) Prepaid expenses 17,186 19,740 Inventory 145,277 133,480 Accounts receivable 43,240 58,280 Cash 94,766 42,300 Total $740,389 $639,200 Equity and Liabilities 2020 2019 Share capitalordinary, $1 par $195,300 $150,400 Share premium ordinary 306,000 282,000 Retained earnings 195,520 169,200 Accounts payable 43,569 37,600 Total $740,389 $639,200 Additional information: (1) Operating expenses include depreciation expense of $37,600. (2) Land was sold for cash at book value of $18,800. (3) Cash dividends of $18,800 were paid. (4) Net income for 2020 was $45,120. (5) Equipment was purchased for $89,300 cash. In addition, equipment costing $20,680 with a book value of $11,280 was sold for $5,640 cash. (6) Issued 32,900 shares of $1 par value ordinary shares in exchange for land with a fair value of $32,900. In addition, the company issued 12,000 shares of $1 par value ordinary shares for $3 per share. Required: Prepare a statement of cash flows for 2020 using the indirect method. That is, fill in the missing items and numbers in the statement provided on the next page. Notes: - Provide amounts of cash outflows (i.e., decreases in cash) in parentheses. - Do not report noncash transactions. LOBO INC. Statement of Cash Flows For the Year Ended December 31, 2020 $ 45,120 Cash flows from operating activities Net income.. Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided (used) by operating activities..... Cash flows from investing activities Net cash provided (used) by investing activities Cash flows from financing activities Net cash provided (used) by financing activities. Net increase (decrease) in cash Cash at beginning of period Cash at end of period. $ 94,766