Stand Corporation's calendar year-end 2020 and 2019 balance sheets showed the following items: 2019 $ 21,000 49,000 97,000 89,000 16,000 135,000 97,000 2020 Cash $ 29,200 Accounts payable 38,000 Merchandise inventory 107,800 Equipment 112,000 Accumulated depreciation, equipment 25,000 Common shares 135,000 Retained earnings 119,000 Additional information: a) The only decrease in accounts receivable were customer receipts b) No equipment was sold in the year c) Dividends were declared and paid in the year d) Profit was $60,000 for 2020 Required Prepare a statement of cash flows for calendar 2020 that follows the indirect method of calculating the net cash provided (or used) by operating activities