This information is for Paulo Company for the year ended December 31, 2020.
Cash received from revenues from customers ...........$600,000
Cash received from investment by owner .....................280,000
Cash paid for new equipment .........................................115,000
Cash drawings by owner paid ...........................................18,000
Cash paid for expenses ....................................................430,000
Cash balance 1/1/20 ............................................................30,000

Instructions
Prepare the 2020 statement of cash flows for Paulo Company.