Select financial information for Paris Company is provided below for the December 31 year end. Note: all accounts have normal balances.

Additional Information
$75,000 of the bank loan is due each year
Land was purchased for cash
Buildings were purchased in exchange for common shares
Dividends were declared and paid

Required:

Prepare the company's Statement of Cash Flows under ASPE using the direct method

Comparative Statement of Financial Position Accounts \begin{tabular}{|l|r|r|r|} \hline & \multicolumn{1}{|c|}{2020} & \multicolumn{1}{c|}{2019} & \multicolumn{1}{c|}{ Change } \\ \hline Cash & 15,000 & 106,000 & (91,000) \\ \hline Accounts receivable (net) & 175,000 & 160,000 & 15,000 \\ \hline Supplies & 10,000 & 15,000 & (5,000) \\ \hline Inventory & 330,000 & 345,000 & (15,000) \\ \hline Land & 595,000 & 395,000 & 200,000 \\ \hline Buildings & 695,000 & 495,000 & 200,000 \\ \hline Accumulated depreciation, buildings & 208,000 & 188,100 & 19,900 \\ \hline Accounts payable & 55,000 & 60,000 & (5,000) \\ \hline Salaries payable & 15,000 & 20,000 & (5,000) \\ \hline Bank Loan payable & 505,000 & 580,000 & (75,000) \\ \hline Common shares & 556,000 & 356,000 & 200,000 \\ \hline Retained earnings & 481,000 & 311,900 & 169,100 \\ \hline \end{tabular} Comparative Statement of Comprehensive Income Accounts \begin{tabular}{|l|r|} \hline Sales revenue & 975,000 \\ \hline Depreciation expense & 19,900 \\ \hline Income tax expense & 125,000 \\ \hline Cost of goods sold & 495,000 \\ \hline Interest expense & 50,000 \\ \hline Supplies expense & 10,000 \\ \hline Salaries and wages expense & 40,000 \\ \hline General and administrative expense & 18,000 \\ \hline \end{tabular}