This information is for Paulo Company for the year ended December 31, 2020.

Cash received from revenues from customers .................................................. $600,000
Cash received for issuance of common stock ....................................................   280,000
Cash paid for new equipment ..............................................................................   115,000
Cash dividends paid ...............................................................................................     18,000
paid for expenses ...................................................................................................   430,000
Cash balance 1/1/20 ..............................................................................................      30,000

Instructions

Prepare the 2020 statement of cash flows for Paulo Company.