The net changes in the statement of financial position accounts of Black Beauty Inc for the end 2020 are shown below: Credit Debit $ 62,800 $ 32,000 7,000 108,600 10,000 72,000 150,000 300,000 50,000 14,000 Account Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Long-term investinents Land Buildings Machinery Office equipment Accumulated depreciation. Buildings Machinery Office equipment Accounts payable Accrued liabilities Dividends payable Bonds payable Preferred shares Common shares Retained earnings 12,000 10,000 6,000 91,600 36,000 64,000 416,000 30,000 189,600 43,600 $ 852 600 $ 852 600 6 Retained earnings 43,600 $ 852,600 $ 852 600 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. A5% common stock dividend was issued March 31, 2020, when the market value was $22.00 per share. A the time there were 36,000 common shares outstanding. 3. The long-term investments were sold for $ 70,000 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 for cash. 5. The following entry was made to record an exchange of an old machine for a new one: Machinery 80,000 Accumulated Depreciation Machinery 20,000 Machinery 30,000 Cash. 70,000 6 A fully depreciated copier machine, which cost $ 14,000, was written off. 7. Preferred shares originally issued for $ 30,000 were redeemed for $ 40,000. 8 Black Beauty 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. 11. The beginning cash balance was $100,000. Instructions Prepare a statement of cash flows (indirect method) for calendar 2020