The comparative statements of financial position of ABC Company at the beginning and end of the year 2020 appear below. ABC Company STATEMENTS OF FINANCIAL POSITION Assets Dec. 31, 2020 Jan. 1, 2020 Land 5000 0 20,000 Equipment Less: Acc. Dep. equipment Accounts receivable 31,000 15,000 10000 Inventory Cash 120,000 40,000 90,000 50,000 12,000 162.000 19,000 200,000 Total 132,000 130,000 Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Tax payable Total 35,000 15,000 5,000 20,000 7,000 18,000 200,000 162000 Additional Information: Net income reported in 2020 was $ 50000 Dividends paid in 2020 was $ 25000 New equipment was purchased in 2020 costing $ 11,000 Aland was obtained from the government as a gifts 5000 Instructions: Prepare a statement of cash flows for the year 2020