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Metlock Inc. had the following balance sheet at December 31, 2019.

METLOCK INC. BALANCE SHEET DECEMBER 31, 2019
Cash		$ 23,380		Accounts payable		$ 33,380
Accounts receivable		24,580		Notes payable (long-term)		44,380
Investments		35,380		Common stock		103,380
Plant assets (net)		81,000		Retained earnings		26,580
Land		43,380				$ 207,720
		$ 207,720

During 2020, the following occurred.

1.		Metlock Inc. sold part of its debt investment portfolio for $ 17,299. This transaction resulted in a gain of $ 5,699 for the firm. The company classifies these investments as available-for-sale.
2.		A tract of land was purchased for $ 16,380 cash.
3.		Long-term notes payable in the amount of $ 18,299 were retired before maturity by paying $ 18,299 cash.
4.		An additional $ 22,299 in common stock was issued at par.
5.		Dividends of $ 10,499 were declared and paid to stockholders.
6.		Net income for 2020 was $ 35,380 after allowing for depreciation of $ 13,299.
7.		Land was purchased through the issuance of $ 38,380 in bonds.
8.		At December 31, 2020, Cash was $ 40,380, Accounts Receivable was $ 44,980, and Accounts Payable remained at $ 33,380.

(a)

Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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