The following is Dundee Corp$$s $($Hypothetical name$)$ comparative statement of financial position atDecember $31,2020$ and $2019.20202019$Prperty, plnt nd equipmnt $3,307,0002,967,000$Accumulated Depreciation $(1,165,000)(1,040,000)$Equity Investments $($TKY Co$.)310,000275,000$Inventory $1,850,0001,715,000$Accounts Receivable $1,128,0001,168,000$Debt Investment $250,000-$Cash $815,000700,000$Total Assets $6,495,0005,785,000$Share Capital $$ Ordinary, $1$ par $500,000500,000$Share Premuim $$ Ordinary $1,500,0001,500,000$Retained Earnings $2,970,0002,680,000$Finance Lease Obligation $400,000-$Accounts Payable $1,015,000955,000$Income Tax Paybles $30,00050,000$Dividends Payble $80,00080,000$Total Equity and Liabilities $6,495,0005,785,000$Additional Information:$-$ On December $31,2018,$ Dundee acquired $25\%$ of TKY Co$.$ ordinary shares for $275,000.$On that date, th crrying vlue of TKY$$s asets and liabilities, which approximated thir values,was $1,100,000.$ TKY reported income of $140,000$ for the year ended December $31,2020.$No Dividend was paid on TKY$$s ordinary shares during the year.$-$ During $2020,$ Dundee loaned $300,000$ to TLC Co$.,$ an unrelated compny. TLC made thefirst semi$-$annual principal repayment of $50,000.-$ On January $2,2020,$ Dundee sold equipment costing $60,000$ with a carrying value of$38,000,$ for $40,000$ cash.$-$ On December $31,2020,$ Dundee intered into finance lease for an office building $.$ Thepresent value of the annul rental payments is $400,000,$ which equals the fair value of thebuilding. Dundee made the first rental payment of $60,000$ when due on January $2,2021.-$ Net income for $2020$ was $370,000.$

BU$51029$ Page $4$ of $6-$ Dundee declared and paid csh dividens for $2020$ and $2019$ as shown below:$20202019$Declared December $15,2020$ December $15,2029$Paid February $28,2021$ February $28,2020$Amount $80,000100,000$Required:$($a$)$ Prepare a statement of cash flows for $2020$ for the company. Show all of your workings.$(30)$