The comparative balance sheet for Tandem Company, a private company reporting under ASPE, is shown below in the condensed form.

Tandem Company

Comparative Balance Sheet

December 31, 2020

	2020	2019
Cash	$ 72,000	$ 42,500
Accounts receivable	61,000	70,200
Inventory	121,000	105,000
Long-term investments		100,000
Equipment	515,000	425,000
Accumulated depreciationequipment	(153,000)	(175,000)
Total Assets	$616,000	$567,700
Accounts payable	$ 59,750	$ 47,250
Bonds payable, due in 2020		75,000
Common shares	425,000	350,000
Retained earnings	131,250	95,450
Total Liabilities and Shareholders Equity	$616,000	$567,700

Additional information for fiscal year 2020:

a.	Profit was $75,800.
b.	Depreciation expense reported on income statement was $38,000.
c.	Fully depreciated equipment, originally costing $60,000, was scrapped. New equipment was purchased for $150,000 in cash.
d.	Bonds payable of $75,000 were retired by payment of their face value amount.
e.	Common shares were issued for $75,000.
f.	Cash dividends were declared and paid to the common shareholders during the year.
g.	Long-term investments of $100,000 were sold for $125,000 in cash. Instructions:

Prepare a cash flow statement for the year ended December 31,2020 using the indirect method.