Prepare a statement of cash flows for the year ended December 31,2020 using the inderect method.

Additional information: 1. Net income for the year ending December 31,2020 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. Sales for 2020 were $120,000. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show (15,000).) ROCKER COMPANY Comparative Balance Sheet Dec. 31,2020 Dec. 31, 2019 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $34,000 18,000 25,000 6,000 0 60,000 (20,000)$123,000 \begin{tabular}{rrr} \hline \hline & \\ $17,000 & & $7,000 \\ 36,000 & & 45,000 \\ 40,000 & 23,000 \\ 30,000 & & 10,000 \\ \hline$123,000 & & $85,000 \\ \hline \hline \end{tabular} $11,000 13,000 17,000 9,000 17,000 33,000 (15,000)