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

Dec. 31. 2019 A comparative balance sheet for Artie Company appears below: ARTIE COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments -O- Equipment 60,000 Accumulated depreciationequipment (20.000) Total assets $123.000 $11,000 13,000 17,000 9,000 17,000 33,000 (15.000) $85.000 Liabilities and Stockholders' Equity Accounts payable $ 17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30.000 Total liabilities and stockholders' equity $123.000 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. $ 7,000 45,000 23,000 10.000 $85.000