Sarasota Inc., a greeting card company, had the following statements prepared as of December 31, 2020.

SARASOTA INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019
		12/31/20			12/31/19
Cash		$6,000			$7,000
Accounts receivable		61,800			50,700
Short-term debt investments (available-for-sale)		35,300			17,900
Inventory		39,800			59,400
Prepaid rent		4,900			4,000
Equipment		153,100			130,500
Accumulated depreciationequipment		(35,000	)		(24,700	)
Copyrights		45,900			50,500
Total assets		$311,800			$295,300
Accounts payable		$46,000			$39,700
Income taxes payable		4,000			5,900
Salaries and wages payable		8,100			4,100
Short-term loans payable		8,100			10,100
Long-term loans payable		59,900			68,600
Common stock, $10 par		100,000			100,000
Contributed capital, common stock		30,000			30,000
Retained earnings		55,700			36,900
Total liabilities & stockholders equity		$311,800			$295,300

SARASOTA INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020
Sales revenue				$333,125
Cost of goods sold				173,600
Gross profit				159,525
Operating expenses				118,900
Operating income				40,625
Interest expense		$11,500
Gain on sale of equipment		2,000		9,500
Income before tax				31,125
Income tax expense				6,225
Net income				$24,900

Additional information:

1.		Dividends in the amount of $6,100 were declared and paid during 2020.
2.		Depreciation expense and amortization expense are included in operating expenses.
3.		No unrealized gains or losses have occurred on the investments during the year.
4.		Equipment that had a cost of $19,800 and was 70% depreciated was sold during 2020.

Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)