Pro The comparative statements of financial position of ABC Company at the beginning and end of the year 2020 appear below. ABC Company Assets Land STATEMENTS OF FINANCIAL POSITION Dec. 31, 2020 Jan 1, 2020 5000 0 Equipment Less: Acc. Dep. equipment Accounts receivable 31,000 15,000 20,000 10000 120,000 90,000 40,000 50,000 19,000 200,000 12,000 162,000 Inventory Cash Total Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Tax payable Total 132,000 130,000 5,000 35,000 15,000 20,000 7,000 18,000 200,000 162000 Additional information: Net income reported in 2020 was $ 50000 Dividends paid in 2020 was $ 25000 New equipment was purchased in 2020 costing $ 11,000 A land was obtained from the government as a gift $ 5000 Instructions: Prepare a statement of cash flows for the year 2020