# 3. Roney Corporation's comparative statements of financial position are presented below. RONEY CORPORATION Comparative Statement of Financial Position December 31 2021 2020 Equipment $ 60,000 $ 70,000 Accumulated depreciation (14,000) (10,000) Investments 25,000 16,000 Accounts receivable 25,200 22,300 Cash 14,200 17,700 Total $110,400 $116,000 Share capital-ordinary $ 50,000 $ 45,000 Retained earnings 35,800 29,900 Bonds payable 10,000 30,000 Accounts payable 14,600 11,100 Total $110,400 $116,000 Additional information:(During 2021) 1. Net income was $21,300. Dividends declared and paid were $15,400. 2. 3. Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold for $5,800. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instructions Prepare a statement of cash flows for 2021 using the indirect method.