Prepare a Complete Statement of Cash Flows in good form (organized and labeled) for the year ended December 31, 2020 using the Indirect Method.

Dec. 31, 2019 Bobcat CBD, Inc. Comparative Balance Sheets as of Dec. 31, 2020 Assets Cash $ 100,000 Accounts receivable 25,000 Inventory 65,000 Equipment 30,000 Accumulated depreciationequipment (20,000) Total assets $ 200,000 $ 20,000 65,000 40,000 60,000 (35,000) $ 150.000 Liabilities and Stockholders' Equity Accounts payable Bank Loan (due in 2024) Common stock Retained earnings Total liabilities and stockholders' equity $ 30,000 40,000 50,000 80,000 $ 200,000 $ 10,000 50,000 50,000 40,000 $ 150,000 Additional information: 1. Net Income was $ 50,000 for the year ending December 31, 2020. 2 Equipment was sold during the year for $ 15,000. The original cost was $ 30,000 and the accumulated depreciation on the equipment at the time of sale was $ 25,000. 3. Depreciation Expense was $ 10,000 in 2020. 4. Cash dividends of $ 10,000 were declared and paid during the year