Prepare the statement of cash flows from operating activities using the indirect method with the following company information: (15 points)

	2020	2019
Cash		350,000
Accounts Receivable	85,000	100,000
Prepaid Insurance	55,000	50,000
Prepaid Taxes	26,000	27,000
Equipment and Furniture	1,850,000	1,980,000
Accounts Payable	25,000	150,000
Salaries Payable	25,000	35,000
Mortgage Payable	6,250,000	7,500,000
Net Income	225,000	150,000
Depreciation Expense	415,000	450,000
Gain on sale of assets	75,000	125,000

Additional information: The Company issued 10,550 shares of common stock (par value of $1) for $1,964,875. The company sold equipment with cost of $130,000 and accumulated depreciation of $130,000 for $75,000.