Shark Ltd was organized on February 1, 2020. For the year ended January 31, 2021, the company provided the following data: Income statement:

Sales revenue ............................................................. $ 80,000

Cost of goods sold ...................................................... (35,000)

Depreciation expense ................................................... (4,000)

Remaining expenses ..................................................... (32,000)

Net income ................................................................ $ 9,000

Balance sheet:

Cash ........................................................................ $ 48,000

Accounts receivable .................................................... 18,000

Merchandise inventory ................................................. 15,000

Machinery (net) .......................................................... 25,000

Total assets ................................................................. $106,000

Accounts payable ........................................................ $ 10,000

Accrued expenses payable ............................................ 21,000

Dividends payable ...................................................... 2,000

Note payable, short-term .............................................. 15,000

Common stock ........................................................... 54,000

Retained earnings ....................................................... 4,000

Total liabilities and shareholders equity ............................ $106,000

Analysis of selected accounts and transactions:

a. Sold 3,000 shares of common stock at $18 per share.

b. Borrowed $15,000 on a one-year, 8% interest-bearing note; the note was dated June 1, 2020.

c. During 2020, purchased machinery; paid $29,000.

d. Purchased merchandise for resale at a cost of $50,000 (debited Inventory because the perpetual system is used); paid $40,000 cash, balance credited to Accounts Payable.

e. On December 3, 2020, declared a cash dividend of $5,000; paid $3,000 in December 2020; the balance will be paid March 1, 2021.

Required: Prepare the Statement of Cash Flow