Andrews AG, a greeting card company, had the following statements prepared as of December 31, 2019.
1. Dividends in the amount of €6,000 were declared and paid during 2019.
2. Depreciation expense and amortization expense are included in operating expenses.
3. No unrealized gains or losses have occurred on the investments during the year.
4. Equipment that had a cost of €30,000 and was 70% depreciated was sold during 2019.
Prepare a statement of cash flows using the direct method?