Smither Software Corp. has assembled the following data for the years ending December 31, 2021 and 2020.

Requirement 

Prepare Smither’s statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities.

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12345 3 Current Accounts: 6 7 8 9 10 A1 4 Current assets: 11 <> 12 13 Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities A B December 31, 2021 2020 $ 66,500 $ 26,000 21,000 64,300 89,500 79,000 3,600 2,300 $ 58,100 $ 55,300 18,500 16,200 15,100 17,200