Prepare the Statement of Cash Flows.

Comparative balance sheets are presented below for Winnie Corporation for the last two years at December 31. 2020 2019 Assets Cash Accounts receivable Inventories Land Equipment Less: Accumulated Depreciation $83,000 73,000 165,000 71,000 175,000 $72,000 56,000 175,000 100,000 130,000 (74,000) (62,000) Total $493,000 $471,000 Liabilities and Stockholders' Equity Accounts payable $24,000 Bonds payable 125,000 Common stock 201,000 Retained earnings 143,000 $32,000 150,000 176,000 113,000 Total $493,000 $471,000 Additional information: Net income for 2020 was $100,000, cash dividends of $70,000 were declared and paid, no equipment was sold, no land was purchased, but land was sold for $65,000, bonds payable amounting to $25,000 were retired through the issuance of common stock. Depreciation expense for 2020 was $12,000. Required: Prepare the Statement of Cash Flows