Question: Big Green Truck Big Green Truck Comparative Statements of Financial Position Assets Dec 31, 2020 Dec 31, 2019 Cash .............................................................................................. $ 78,000 $ 62,000 Accounts receivable ..................................................................... 146,000 120,000 Prepaid insurance ........................................................................ 38,000 34,000 Land .............................................................................................. 36,000 80,000 Equipment .................................................................................... 140,000 120,000 Accumulated depreciationequipment ..................................... (40,000) (26,000) Total assets ........................................................................... $398,000 $390,000 Liabilities and Shareholders' Equity Accounts payable ......................................................................... $ 22,000 $ 12,000 Bonds payable .............................................................................. 54,000 38,000 Common shares ........................................................................... 280,000 230,000 Retained earnings ........................................................................ 42,000 110,000 Total liabilities and shareholders' equity ............................. $398,000 $390,000 Additional information regarding fiscal 2020 1. A loss of $50,000 was reported for the year. 2. Cash dividends were declared and paid. 3. Land was sold for cash at a loss of $20,000. This was the only land transaction during the year. 4. Equipment with a cost of $30,000 and accumulated depreciation of $20,000 was sold for $10,000 cash. 5. The bonds were originally issued at face value. $24,000 worth of bonds were retired during the year at their carrying amount. 6. Equipment was exchanged for common shares. The fair value of the shares at the time of the exchange was $50,000. 7. Also during the year, Dividends were paid, $18,000; New bonds were issued, $40,000 and Depreciation expense was $34,000 Instructions Using the indirect method, prepare a statement of cash flows for the year ended December 31.