Sandhill Company's income statement for the year ended December $31,2020,$ contained the following condensed information.

Sandhill's balance sheet contained the following comparative data at December $31.$

$($Accounts payable pertains to operating expenses.$)$

Prepare the operating activities section of the statement of cash flows using the direct method.

SANDHILL COMPANY

Statement of Cash Flows $($Partial$)$

For the Year Ended December $31,2020$

Net Cash Provided by Financing Activities