The following are comparative balance sheets and an income statement for Winne's Company. Winne's Company Balance Sheets as of December 31 Assets 2020 2019 Cash $21,500 $120,000 Accounts receivable 195,000 105,000 Inventory 180,000 225,000 Long-term investments 10 60,000 Totals $396,500 $510,000 Liabilities and shareholders' equity Accounts payable $75,000 $120,000 Operating expenses payable 24,000 15,000 Bonds payable 70,000 100,000 Common stock 125,000 125,000 Retained earnings 102,500 150,000 Totals $396,500 $510,000 Winne's Company Income Statement For the Year Ended December 31, 2020 Sales $560,000 Cost of goods sold: Beginning inventory $225,000 Purchases 330,000 Goods available for sale 555,000 Less: ending inventory 180,000 Cost of goods sold 375,000 Gross profit 185.000 Operating expenses 180,000 Income from operations 5,000 Other expenses: Loss on sale of long-term investment (Z.500) Net loss ($2.500) Cash dividends of $45,000 were paid in 2020. Required: Prepare a statement of cash flows for 2020 using the indirect method