Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to 312,000 Net Cash Provided by Operating Activities v Depreciation Expense 33.150 Loss on Sale of Investments 19,500 Decrease in Accounts Receivable v 9,750 Decrease in Current Liabilities (33.150 29.250 Net Cash Provided by Operating Activities 341.250 Cash Flows from Investing Activities Sale of Investments 23,400 Purchase of Equipment (113,100) Net Cash Used by Investing Activities (89,700) Cash Flows from Financing Activities Payment of Cash Dividends (5.500) Net Increase in Cash 193050