The comparative balance sheets for Metlock Corporation show the following information.

December 31 2020 2019

Cash $33,500 $12,900

Accounts receivable 12,400 10,000

Inventory 12,100 9,000

Available-for-sale debt investments -0- 3,000

Buildings -0- 29,800

Equipment 44,800 19,900

Patents 5,000 6,300

$107,800 $90,900

Allowance for doubtful accounts $3,100 $4,500

Accumulated depreciationequipment 2,000 4,500

Accumulated depreciationbuilding -0- 6,000

Accounts payable 5,000 3,000

Dividends payable -0- 4,900

Notes payable, short-term (nontrade) 3,000 4,100

Long-term notes payable 31,000 25,000

Common stock 43,000 33,000

Retained earnings 20,700 5,900

$107,800 $90,900

Additional data related to 2020 are as follows.

1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.

2. $10,000 of the long-term note payable was paid by issuing common stock.

3. Cash dividends paid were $4,900.

4. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $29,900 (net of $2,000 taxes).

5. Debt investments (available-for-sale) were sold at $1,800 above their cost. The company has made similar sales and investments in the past.

6. Cash was paid for the acquisition of equipment.

7. A long-term note for $16,000 was issued for the acquisition of equipment.

8. Interest of $2,000 and income taxes of $6,500 were paid in cash.

a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

METLOCK CORPORATION

Statement of Cash Flows

$

Adjustments to reconcile net income to

$

$

Supplemental disclosures of cash flow information:

$

$

$

$