Prepare a statement of cash flows using the indirect method for the year ending in 2020. Use the balance sheets provided.

Solve for the missing items

Cash dividends paid ?

Cash paid to acquire patent ?

Gain/loss from selling equipment ?

Depreciation expense ?

Cash Accounts Receivable Prepaid rent Plant assets less: Accumulated Depreciation Patent Total Assets 31-Dec 2020 2019 18,000 8,000 3,500 4,000 5,000 1,000 64,000 70,000 (7,000) (8,000) 18,000 0 101,500 75,000 Accounts Payable Wages Payable Unearned Revenue Bonds Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 7,000 5,000 3,000 19,000 9,000 58,500 8,500 7,000 0 10,000 9,000 40,500 101,500 75,000 Other information: Net income Original cost of equip. sold Acc. Depreciation of equip. sold Proceeds from selling equip. Patent amortization expense Bank loan borrowings 19,000 6,000 3,200 4,500 3,000 9,000