2020 M Company Comparative Balance Sheet December 31, 2021 2021 ASSETS Cash 38,000.00 Accounts Receivable 30,000.00 Inventory 27,000.00 Equipment 60,000.00 Accumulated Depreciation (Equipment) (29,000.00) 20,000.00 14,000.00 20,000.00 78,000.00 (24,000.00) TOTAL ASSETS 126,000.00 108,000.00 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts Payable Income Tax Payable Bonds Payable Common Stack Retained Earnings 24,000.00 7,000.00 27,000.00 18,000.00 50,000.00 15,000.00 8,000.00 33,000.00 14,000.00 38,000.00 TOTL LIABILITIES AND SHAREHOLDERS' EQUITY 126,000.00 108,000.00 M Company Income Statement For the year ended December 31, 2021 Sales Revenue Less COGS Gross Profit Less Operating Expenses 242,000.00 175,000.00 67,000.00 24,000.00 Operating Income Less Financial Expenses (Interst) Profit Before Tax Less Income Tax Expenses Net Income 43,000.00 3,000.00 40,000.00 8,000.00 32,000.00 Additional Information 1. Dividend declared and Paid Tk. 20,000.00 2. During the year equipment was sold for Tk. 8,500.00 This equipment coasts Tk. 18,000.00 originally and had a book value of Tk. 8,500.00 3. All depreciation expenses Tk. 14,000.00 is in the operating expenses 4. all sales and purchases are on account Prepare a Statement of cash flows using indirect method