X$-$cell Inc. began operations on January $1,2018.$ Its adjusted trial balance at December $31,2019$ and $2020$ is shown below.

Other information regarding X$-$cell Inc. and its activities during $2020$ follow in $($a$)$ through $($e$)$ :

a$.$ Assume all accounts have normal balances.

b$.$ Equipment was sold for cash of $$9,400.$

c$.$ Old machinery was sold for cash of $$26,600.$ New machinery was purchased for $$28,000$ cash.

d$.$ Common stock was issued for cash.

e$.$ Cash dividends of $$69,000$ were declared and paid.

Using the information provided, prepare a statement of cash flows $($using the indirect method$)$ for the year ended

December $31,2020.$