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 6000 0 Land 31,000 22,000 Equipment Less: Acc. Dep. equipment Accounts receivable 15,000 8000 120,000 96,000 Inventory 44,000 50,000 Cash 44,000 12,000 230,000 172,000 132,000 130,000 Total Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Tax payable Total 69,000 15,000 13,000 20,000 7,000 16,000 230,000 172000 Additional information: Net income reported in 2020 was $ 60000 Dividends paid in 2020 was $ 12000 New equipment was purchased in 2020 costing $ 9,000 A land was obtained from the government as a gift $ 6000 Instructions: Prepare a statement of cash flows for the year 2020