Selected financial statement information and additional data for Jonson Enterprises is presented below:

Jonson Enterprises Balance Sheet and Income Statement Data December 31, 2020 December 31, 2019 Current Assets: Cash $131,580 $102,340 Accounts Receivable 204,680 263,160 Inventory 336,260 292,400 Total Current Assets 672,520 657,900 Property, Plant, and Equipment 1,067,260 964,920 Less: Accumulated Depreciation (409,360) (380,120) 657,900 584,800 Total Assets $1,330,420 $1,242,700 Current Liabilities: Accounts Payable $160,820 $87,720 Notes Payable 43,860 58,480 Income Taxes Payable 73,100 65,790 Total Current Liabilities 277,780 211,990 Bonds Payable 292,400 336,260 Total Liabilities 570,180 548,250 Stockholders' Equity: Common Stock 438,600 402,050 Retained Earnings 321,640 292,400 Total Stockholders' Equity 760,240 694,450 Total Liabilities & Stockholders' Equity 1,330,420 1,242,700 Sales Revenue $1,388,900 $1,301,180 Less Cost of Goods Sold 645,860 628,660 Gross Profit 743,040 672,520 Expenses: Depreciation Expense 131,580 116,960 Salaries and Wages Expense 336,260 307,020 Interest Expense 29,240 29,240 Loss on Sale of Equipment 10,320 0 507,400 453,220 Income Before Taxes 235,640 219,300 Less Income Tax Expense 94,256 87,720 Net Income 141,384 131,580

Additional Information: During the year, Jonson sold equipment with an original cost of $131,580 and accumulated depreciation of $102,340 and purchased new equipment for $233,920.

Prepare a statement of cash flows for the year ending December 31, 2020