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 49000 0 Land 13,000 9,000 Equipment Less: Acc. Dep. equipment Accounts receivable 5,000 3000 8,000 6,000 Inventory 6,000 5,000 Cash 17,000 18,000 88,000 35,000 13,000 11,000 Total Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Tax payable Total 69,000 1,000 15,000 2,000 5,000 7,000 88,000 35000 Additional information: Net income reported in 2020 was $ 7000 Dividends paid in 2020 was $ 2000 New equipment was purchased in 2020 costing $ 4,000 A land was obtained from the government as a gift $ 49000 Instructions: Prepare a statement of cash flows for the year 2020