Sunny Technologies Inc. began operations on January 1,2019. its post closing trial balance at December 31,2019 and 2020 is shown below along with some other information

Other information regarding Sunny and its activities during 2020

Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activites

$ 626,900 482,900 144,000 Sunny Technologies Inc. Income Statement For Year Ended December 31, 2020 Revenues : Sales Cost of goods sold Gross Profit Expenses and other: Other expenses $ 154,900 Depreciation expense 25, 300 Total operating expenses Operating Profit (Loss) Loss on sales of plant assets Profit (Loss) 180, 200 (36,200) 20, 500 $ (56,709) Sunny Technologies Inc. Post-Closing Trial Balance December 31 Account 2020 2019 Cash $ 61,800 $ 76,930 Receivables 41,000 30,100 Merchandise inventory 26,900 34,900 Property, plant and equipment 230,100 190,530 Accumulated depreciation 63,700 52,500 Accounts payable 48, 440 62, 420 Accrued liabilities 10,980 6,100 Hotes payable 97,73e 42,130 Common shares 49,730 8,080 Retained earnings 89,300 163,330 1. Assume all accounts have normal balances, 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year 4. Plant assets worth $98,900 were purchased during the year by paying cash of $31700 and issuing a long-term note payable for the balance SUNNY TECHNOLOGIES INC. Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities