Question $12)$ Big horse Ltd$.$ has prepared the following comparative statements of financial position at December $31,{2019}_{?}$ and $2020.$ Big Horse adheres to ASPE

$\backslash$table$[[,2020,2019,$Difference$],[$Cash$,$$$99,000,$$$51,000,$$$48,000],[\backslash$table$[[$Accounts$],[$Receivable$]],53,000,39,000,14,000],[$Inventory$,50,000,60,000,(10,000)],[$Prepaid expense,$6,000,9,000,(3,000)],[\backslash$table$[[],[$equipment$]],420,000,350,000,70,000],[\backslash$table$[[$Accumulated$],[$depreciation$]],(150,000),(125,000),(25,000)],[$Goodwill$,51,000\_,58,000\_,(7,000)],[,$$$529,000\_,$$$442,000\_,],[,,,(5,000)],[$Accounts payable,$$51,000,$$$56,000,6,000],[$Accrued liabilities,$20,000,14,000,(150,000)],[$Mortgage payable,$-,150,000,215,000],[$Preferred shares,$215,000,-,0],[$Common shares,$200,000,200,000,21,000\_],[$Retained earnings,$43,000\_,22,000\_,],[,$$$529,000\_,$$$442,000\_,]]$

The accumulated depreciation account has been credited only for depreciation expense for the year. There were no disposals of property, plant and equipment, but new equipment was purchased during $2020.$

Depreciation expense and a charge for impairment of goodwill have both been included in operating expense

The retained earnings account was debited for cash dividends declared and paid of $$46,000$ and credited for the net income for the year

The condensed income statement for $2020$ is as follows:

Sales $$660,000$

Cost of sales $,363,{000}_{?}$

Gross profit $297,000$

Operating expenses $,230,{000}_{?}$

Net income $,{67\mathrm{.}000}_{?}$

Instructions:

From the information above, prepare a statement of cash flows $($indirect method$)$ for calendar year $2020.$