3 (30) A comparative balance sheet for ABC Ltd. is presented as follows: Balance Sheet 2021 2020 Assets $ $ Cash 300 490 Accounts receivable 1,170 810 Inventory 1,250 1,380 Equipment 5,150 3,190 Less: Accum. Depreciation (800) (1,000) Liabilities Accounts payable 810 570 Accrued expense 50 80 Bonds payable (Long-term) 1,600 770 Shareholder's Equity Common shares Retained earnings 3,590 2,590 1,020 860 Income Statement 2021 2020 Revenues $. $ Sales 13,330 11,280 Expenses and others Cost of goods sold 9,620 8,550 Other expenses 1,950 1,620 Depreciation expense 180 160 Loss on sale of old equipment 350 0 Net income 1,230 950 Optional table (NO marks will be allocated for this table) 2020 + 2021 During 2021, the company sold some of their old equipment. $4,000 of new equipment items were acquired by issuing common shares of $800, and the balance paid with cash. REQUIRED: Use Direct method to prepare in good form the 2021 Statement of Cash Flows for the company. (Cash flows from operating activities and investing activities ONLY) $ $