The following is a condensed version of the comparative balance sheets for Flounder Corporation for the last two years at December 31, 2020. 2020 Cash Accounts receivable Inventories Prepaid Expenses Investments Equipment Accumulated Depreciation Equipment Accounts Payable Accrued Expenses Bonds Payable Common stock Retained earnings 564,800 325,000 175,000 56,450 95,000 275,000 (172,550) 195,600 2019 $ 261,000 222,000 162,600 59,000 88,800 425,000 (250,000) 176,100 296,200 425,000 180,000 315,000 238,000 616,000 210,000 335,700 Additional information: Cash dividends paid were $48,000; and net i 16,000. Equipment was sold for a loss of $35,000, cash received was $17,550. Depreciation expense was 20,000. Prepare a statement of cash flows for 2020 the Flounder Corporation. (Use proper title, neatness is important.) RSS