prepare statements of cash flow

Www Below are the Balance Sheets for December 31, 2019 and December 31, 2020 and the Income Statement for the Year Ended December 31, 2020 for GENESIS, Inc. GENESIS, Inc. Balance Sheet GENESIS, Inc. Income Statement For the Year Ended 12/312020 M2/31/2020 12/31/2019 Assets Cash 89 000 7000 Sales Revenue 250 000 79,000 40.000 Cost of Goods Sold 155.000 NAcoDunts Receivable (net) Mnventory Total Current Assets 97 000 67.000 Gross Profit 95.000 265.000 178.000 Land 5000) 24.000 Property, Plant Equipment (PPEN less Accumulated Depreciation Total Assets 35 000 154 000 K27000) 427.000 35 000 170,000 (20.000) 363.000 Salary Expense Rent Expense Other Operating Expenses Depreciation Expense Operating income 321000 TITIL 11 000 22.000 LOSS On Sale of PP&E 3.000 48000 23,000 IlInterest Expense 6.500 Liabilities & Stockholders' Equity Accounts Payable Total Current Liabilities Bonds Payable Total Liabilities 43.000 Net Income 12,500) 80 000 123,000 23 000 120.000 143.000 Common Stock Retained Eamings Total Liabilities & Stockholders' Equity 230,000 174.000 150.000 70.000 427.000 363.000 Additional information for the year ended December 31, 2020: The company purchased with cash equipment costing $20,000. During the year the company sold PPE (equipment) for $29,000. The equipment had a historical cost of $36.000 and accumulated depreciation of $4,000, The company paid cash dividends of $8,500 during the year. Instructions Prepare a Statement of Cash Flows using the indirect method for 2020