The Murdock Corporation reported the following balance sheet data for 2020 and 2019.

	2020		2019
Cash	$ 188,500		$ 22,000
Short term Investment	85,000		85,000
Accounts receivable	80,000		68,000
Inventory	165,000		145,000
Prepaid insurance	1,500		2,000
Land	270,000		320,000
Buildings, and equipment	950,000		805,000
Accumulated depreciation	(610,000	)	(575,000	)
Total assets	$ 1,130,000		$ 872,000
Accounts payable	$ 75,000		$ 102,000
Salaries payable	20,000		20,000
Taxes payable	45,000		40,000
Bonds payable	200,000		0
Common stock	300,000		300,000
Retained earnings	490,000		410,000
Total liabilities and shareholders' equity	$ 1,130,000		$ 872,000

Additional information for 2020:

1. Land costing $50,000 was sold for $57,000.
2. Issued 6% bonds payable at par, $200,000.
3. Purchased new equipment for cash $145,000.
4. Depreciation expense for 2020 was 35,000.
5. Paid cash dividends of $20,000.
6. Net income was $100,000.

Required:

Prepare a statement of cash flows for 2020 in good form using the indirect method.