The following information was obtained from the Ultraman Inc. for the year ending 31 December 2020.

Credit purchases during 2020	$227,000
Accounts Payable for inventory at 1 Jan 2020	150, 000
Accounts Payable for inventory at 31 Dec 2020	88, 000
10 000 shares issued at $7.70 per share
Equipment purchased	58,000
Interest expense in income statement	14,000
Accrued Interest expense increased during 2020	3,500
Credit sales during 2020	1,200,000
Accounts receivable balance at 1 January 2020	236, 000
Accounts receivable balance at 31 December 2020	500, 000
Taxes paid	$28,000
Borrowing increased during 2020	120,000
Collections of loans made	17,000
Interest revenue in income statement for 2020	14,200
Accrued interest revenue decreased during the year 2020	1,800
Book value of equipment sold	34,000
Loss on sale of equipment	10,000
Dividends paid	4,600
Loans given to borrowers increase during 2020	19,000
Cash on hand on 1 January 2020	781,100

Prepare a statement of cash flows for the year ended 31 December 2020.