The net changes in the statement of financial position accounts of Koala Inc. for the calendar year 2020 are shown below: Account Cash Accounts receivable. Allowance for doubtful accounts. Inventory Prepaid expenses. Long-term investments Land Buildings Machinery Office equipment.. Accumulated depreciation: Buildings... Machinery.. Office equipment Accounts payable. Accrued liabilities Debit Credit $ 62,800 $ 32,000 7,000 108,600 10,000 72,000 150,000 300,000 50,000 14,000 12,000 10,000 6,000 91,600 36,000 64,000 416,000 30,000 189,600 43,600 $ 852,600 $ 852,600 Dividends payable. Bonds payable. Preferred shares.. Common shares Retained earnings. Additional information: 1. Net income for the year was $ 70,000. 2. Cash dividends of $ 64,000 were declared December 15, 2020, payable January 15, 2021. A 5% common stock dividend was issued March 31, 2020, when the market value was $ 22.00 per share. At the time there were 36,000 common shares outstanding. 3. The long-term investments were sold for $ 70,000. 4. A building which had cost $ 240,000, with a book value of $ 150,000, was sold for $200,000, and a new one was purchased. 5. The following entry was made to record an exchange of an old machine for a new one: Machinery.... Accumulated Depreciation-Machinery... Machinery......... Cash...... 80,000 20,000 30,000 6. 7. A fully depreciated copier machine, which cost $ 14,000, was written off. Preferred shares originally issued for $ 30,000 were redeemed for $40,000. 8. Koala sold 6,000 common shares on June 15, 2020 for $25 a share. 9. Bonds were sold at 104 on December 31, 2020. 10. Land with a book value of $ 120,000 was sold for $ 54,000. Instructions Prepare a statement of cash flows (indirect method) for calendar 2020. 70,000