The comparative balance sheets for Kawartha Corporation appear below: KAWARTHA CORPORATION Comparative Balance Sheet at December 31st Cash Assets Accounts receivable Prepaid expenses Inventory Land Equipment Accumulated depreciation-equipment 2020 2019 $ 26,000 $ 12,000 17,000 14,000 5,000 9,000 26,000 18,000 -0- 18,000 60,000 30,000 (18,000) $ 116,000 (14,000) $ 87,000 Total assets Liabilities and Shareholders' Equity Accounts payable Long-term note payable Common shares $ 20,000 37,000 41,000 $ 9,000 45,000 23,000 Retained earnings 18,000 10,000 Total liabilities and shareholders' equity $ 116,000 $ 87,000 Additional information: 1. Profit for the year ending December 31, 2020 was $25,000. 2. Land that had a carrying amount of $18,000 was sold for cash of $16,000. 3. Cash dividends were declared and paid during the year. 4. Reduced a long-term note payable by making a payment. REQUIRED: Prepare a Statement of Cash Flows, using the indirect method, for the year ended December 31, 2020 in proper format