The following information relates to Bay, Inc. for 2020.
1. Cash balance 1-1-20	19,000
2. Cash balance 12-31-20	61,000
3. Increase in Accounts Receivable	16,000
4. Decrease in Inventory	4,000
5. Net income for 2020	125,000
6. Sale of land	28,000
7. Purchase of equipment	59,000
8. Depreciation expense	20,000
9. No gains or losses were recorded in 2020
10. Cash dividends declared and paid	60,000
11. Decrease in accounts payable	5,000
12. Bonds payable retired (paid)	50,000
13. Common stock issued	55,000
Prepare a Statement of Cash Flows for December 31, 2020: