The following information was obtained from the accounting records and financial statements of Kenai Inc.

Assets	2019	2020
Cash	$ 750,000	$ 685,000	(65,000)
Accounts receivable	345,000	498,000	153,000
Inventory	250,000	378,000	128,000
Capital assets	1,456,000	2,354,000	898,000
Accumulated depreciation	(128,000)	(196,000)	(68,000)
Net capital assets	1,328,000	2,158,000	830,000
Total	2,673,000	3,719,000
Liabilities and Stockholders equity
Accounts payable	463,000	168,000	(295,000)
Salaries payable	367,000	456,000	89,000
Long-term debt	100,000	192,000	92,000
Common stocks	750,000	1,500,000	750,000
Retained earnings	993,000	1,403,000	410,000
Total	2,673,000	3,719,000

Additional information:

• Kenai declared and paid cash dividends of $75,000.
• Kenai issued a stock dividend valued at $50,000.
• Kenai sold equipment that cost $120,000, with book value of $85,000 for $145,000 in cash.
• Kenai issued common stocks for plant and equipment. The common stocks had a current market value of $250,000.
• Kenai issued a bond with a face value of $100,000 at $90,000, interest payments are $6,000 per year and interest expenses are $8,000 per year.

Required:

1. Prepare the cash flow statement, using the indirect method, for Kenai for the year ended December 31, 2020.