Oriole Company’s comparative balance sheets are presented below: Oriole Company Comparative Balance Sheets December 31 2020 2019 Cash $ 16,500 $ 17,600 Accounts receivable 25,000 22,200 Investments 19,950 15,850 Equipment 60,150 70,050 Accumulated depreciation—equipment (14,250 ) (10,400 ) Total $107,350 $115,300 Accounts payable $ 14,850 $ 11,050 Bonds payable 10,100 30,100 Common stock 50,100 44,700 Retained earnings 32,300 29,450 Total $107,350 $115,300 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,400. 2. Equipment which cost $9,900 and had accumulated depreciation of $2,000 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2020. Prepare a statement of cash flows for 2020 using the indirect method.