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Selected financial statement information and additional data for Ivanhoe Co. is presented below. Cash Accounts...

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Selected financial statement information and additional data for Ivanhoe Co. is presented below. Cash Accounts receivable (net) Inventory Land Equipment TOTAL December 31 2019 2020 $41,000 $78,500 86,000 145,000 169,000 200,000 59,000 20,000 502,000 785,000 $857,000 $1,228,500 Accumulated depreciation Accounts payable Notes payable - short-term Notes payable - long-term Common stock Retained earnings TOTAL $83,000 $114,000 48,000 85,000 65,000 28,000 167,000 300,000 422,000 488,000 72,000 213,500 $857,000 $1,228,500 Additional data for 2020: 1. Net income was $223,000. 2. Depreciation was $31,000. 3. Land was sold at its original cost. 4. Dividends of $81,500 were paid. 5. Equipment was purchased for $84,000 cash. 6. A long-term note for $199,000 was used to pay for an equipment purchase. 7. Common stock was issued to pay a $66,000 long-term note payable. Prepare a statement of cash flows for the year ending December 31, 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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