The comparative balance sheets of Teal Inc. at the beginning and the end of the year 2020 are as follows.

TEAL INC. BALANCE SHEETS
		Dec. 31, 2020				Jan. 1, 2020				Inc./Dec.
Assets
Cash			$ 47,500				$ 15,500			$32,000	Inc.
Accounts receivable			95,400				89,900			5,500	Inc.
Equipment			43,400				23,900			19,500	Inc.
Less: Accumulated Depreciation-Equipment			21,400				11,000			10,400	Inc.
Total			$164,900				$118,300
Liabilities and Stockholders Equity
Accounts payable			$ 24,400				$ 16,900			7,500	Inc.
Common stock			102,500				81,900			20,600	Inc.
Retained earnings			38,000				19,500			18,500	Inc.
Total			$164,900				$118,300

Net income of $48,400 was reported, and dividends of $29,900 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020.

TEAL INC. Statement of Cash Flows Adjustments to reconcile net income to