Read the question, explain with details.

The balance sheets for Reese Company showed the following information. Change Cash Accounts Receivable (net) Inventory Long-Term Investments Property, Plant & Equipment Accumulated Depreciation 12/31/2020 98,880 138,560 112,000 0 756,800 (120,640) 985,600 12/31/2019 32,640 64,960 134,400 48,000 480,000 (80,000) 680,000 Accounts Payable Accrued abilities Long-Term Notes Payable Common stock Retained earnings 54,400 67,200 224,000 416,000 224,000 985,600 84,800 54,400 160,000 288,000 92,800 680,000 Additional transaction data for 2020: 1. Net Income for the year, $243,200. 2. Depreciation on plant assets for the year, $40,640. 3. Sold the long-term investments for $89,600 (assume gain or loss is ordinary). 4. Purchased machinery by issuing a $192,000 long-term note payable. 5. Purchased machinery costing $84,800, paid cash. 6. Paid a $128,000 long-term note payable by issuing common stock. Prepare the 2020 Statement of Cash Flows for Reese Company below. Reese Company Statement of Cash Flows For Year Ended December 31, 2020 Cash Flows from Operating Activities: Net Cash Provided (Used) by Operating Activities Cash Flows from Investing Activities: : Net Cash Provided (Used) by Investing Activities Cash Flows from Financing Activities: Net Cash Provided (Used) by Financing Activities Net Change in Cash Cash Balance, 1/1/2020 Cash Balance, 12/31/2020