Prepare a statement of cash flow

The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. Rothlisberger Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 81,000 $ 45,000 Accounts receivable 41,000 62,000 Inventory 151,450 142,000 Prepaid expenses 15,280 21,000 Land 105,000 130,000 Buildings 200,000 200,000 Accumulated depreciation-buildings (60,000) (40,000) Equipment 221,000 155,000 Accumulated depreciation-equipment (45,000) (35,000) Total $709,730 $680,000 Liabilities and Stockholders' Equity Accounts payable $ 47,730 $ 40,000 Bonds payable 260,000 300,000 Common stock, $1 par 200,000 160,000 Retained earnings 202,000 180,000 Total $709,730 $680,000 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $5,720. 2. Land was sold for cash at book value. 3. Cash dividends of $20,000 were paid. 4. Net income for 2020 was $42,000. 5. Equipment was purchased for $88,000 cash. In addition, equipment costing $22,000 with a book value of $10,000 was sold for $6,000 cash. . 6. Bonds were converted at face value by issuing 40,000 shares of $1 par value common stock. Instructions Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method