Please show all work and explain

Templar Inc. is currently preparing its financial statements for 2020 and is currently working on its cash flow statement. Templar's balance sheets for 2020 is as follows: Templar Inc. Balance Sheets for the Year Ended 12/31/2020 12/31/2019 Assets Cash Accounts receivable Inventory Property, plant, and equipment, net of accumulated depreciation of $42,000 in 2020 and $34,000 in 2019)|| Prepaid expenses Total assets $ 44,000 52,000 27,000 133,000 4,000 $260,000 $ 9,000 24,000 40,000 73,000 2,000 $148,000 Liabilities and shareholders' equity Accounts payable Interest payable Income taxes payable Short-term note payable Bonds payable Common stock, $10 par Retained earnings Total liabilities and shareholders' equity $ 25,000 8,000 7,000 37,000 75,000 75,000 33,000 $260,000 $ 14,000 6,000 11,000 32,000 50,000 25,000 10,000 $148,000 In addition, during 2020, Templar: had net income of $31,000. sold land with a book value of $7,000 for a gain of $3,000. paid dividends of $8,000. issued common stock with a fair value of $50,000 in exchange for a building. purchased some equipment, but had no other activity related to property, plant and equipment besides the land sale and building purchase noted above (and depreciation). Below, prepare Templar's 2020 full statement of cash flows, including all section headers and subtotals. (Don't worry about precise formatting; for each line, just put the text for that line followed by any amount necessary. Use the indirect method for the operating cash flows