Prepare Cash flow statement using Indirect Method

Balance sheet as on 31 December 2019	2020 (in $)	2019(in $)
ASSETS
Cash	8000	5000
Accounts receivable	15000	12000
Inventory	30000	33000
Net Equipment	24000	20000
Total assets	77000	70000
Liabilities and equity
Accounts payable	21000	17000
Accrued liability	4000	5000
Common shares	35000	30000
Retained earnings	17000	18000
Total liabilities and equity	77000	70000

Income statement
Sales		140,000
Cost of goods sold		30,000
Gross profit		1,10,000
Operating expenses-	80000
Depreciation expense	10000
Loss on sale of equipment	5000	95,000
Net income		15000

Additional Information

1. Equipment costing 20,000, depreciation 12000 was sold for $3000
2. Purchased equipment costing 22000 by paying 17000 cash and remaining as accounts payable
3. Paid cash dividend of 21000