The comparative statement of financial position for Clark Inc. as at December 31 , Additional information: 1. The carrying amount of the equipment at the end of 2020 and 2019 was determined as follows: 2. Equipment with a cost of $21,000 and accumulated depreciation of $10,000 was sold for cash during 2020. 3. Land costing $25,000 was purchased during 2020 in exchange for common shares instead of cash. There were no other non-cash transactions during 2020. Required: Prepare a statement of cash flows for the year ended December 31 , 2020 using the indirect method. Space is provided for your response on the next page of this exam