The comparative balance sheets for Strackman Lux Company as of December 31 are presented below. Strackman Lux Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 71,000 $ 45,000 Accounts Receivable 44,000 62,000 Inventory 151,450 142,000 Prepaid Expenses 15,280 21,000 Land 105,000 130,000 Equipment 228,000 155,000 Accumulated Depreciation- Equipment (45,000) (35,000) Buildings 200,000 200,000 Accumulated Depreciation-Buildings (60,000) (40,000) Total $ 709,730 $ 680,000 Liabilities and Stockholder's Equity Accounts Payable $ 47,730 $ 40,000 Bonds Payable 260,000 300,000 Common Stock, $1 Par 200,000 160,000 Retained Earnings 202,000 180,000 Total $ 709,730 $ 680,000 Additional Information: 1. Operating expenses include depreciation expense of $42,000. 2. Land was sold for cash at book value. 3. Cash dividends of $15,000 were paid. 4. Net income for 2020 was $37,000. 5. Equipment was purchased for $95,000 cash. In addition, equipment costing $22,000 with a book value of $10,000 was sold for $6,000 cash. 6. Bonds were converted at face value by issuing 40,000 shares of $1 par value common stock. Requirement: Prepare a statement of cash flows for the year ended December 31, 2020