The following information is available for Cubs Corporation for the year ended December 31, 2020: Collection of principal on long-term loan to a supplier $40,000 Advertising expense for the full year 22,000 Purchase of equipment for cash 15,000 Proceeds from the sale of long-term investment at carrying 50,000 amount Issue of common shares for cash 30,000 Depreciation expense 32,000 Decided that next year (2021) they will take out a new loan 75,000 Repayments of mortgage payable 50,000 Traded the company vehicle for 4 computers 10,000 Payment of cash dividends 29,500 Net loss 3,000 Purchase of land by issuing common shares 100,000 In addition, the following information is available from the comparative statements of financial position for Cubs at the end of 2020 and 2019: 31-Dec-20 31-Dec-19 Cash $53,100 $20,000 Accounts receivable 40,000 32,500 Prepaid insurance 30,000 17,000 Total current assets $123,100 $69,500 Accounts payable Salaries payable Total current liabilities $65,500 8,200 $73,700 $65,000 9,600 $74,600 Instructions Using the indirect method, prepare a statement of cash flows for the year ended December 31, 2020