The net changes in the balance sheet accounts of Debra, Inc for the year 2021 are shown below Account Debit Credit Cash $ 127,400 Accounts receivable $ 64,800 Allowance for doubtful accounts 10,000 Inventory 197,800 Prepaid expenses 22,000 Long term investments 145,000 Land 409,000 Buildings 662,000 Machinery 96,000 Office Equipment 27,000 Accumulated depreciation Buildings 24,500 Machinery 19,400 Office Equipment 13,500 Accounts payable 184,800 Accrued liabilities 70,000 Dividends payable 126,000 Premium on bonds 36,000 Bonds payable 900,000 Preferred stock ($50 par) 71,900 Common stock ($10 par) 160,000 Additional paid in capitalcommon 270,700 Retained earnings 69,000 $1,853,400 $1,853,400 Additional information 1 Net income $151,000 2 Cash dividends of $126,000 were declared December 15, 2021, payable January 15, 2022 A 5 stock dividend was issued March 31, 2021, when the market value was $20 per share 3 The long term investments were sold for $136,500 4 A building and land which cost $470,000 and had a book value of $366,000 were sold for $417,000 The cost of the land, included in the cost and book value above, was $21,000 5 The following entry was made to record an exchange of an old machine for a new one Machinery 150,000 Accumulated DepreciationMachinery 42,000 Machinery 54,000 Cash 138,000 6 A fully depreciated copier machine which cost $27,000 was written off 7 Preferred stock of $71,900 par value was redeemed for $91,900 8 The company sold 12,300 shares of its common stock ($10 par) on June 15, 2021 for $29 a share There were 90,000 shares outstanding on December 31, 2021 9 Bonds were sold at 104 on December 31, 2021 10 Land that was condemned had a book value of $242,000 Proceeds received totaled $102,000 Prepare a statement of cash flows (indirect method) Ignore tax effects Debra, Inc Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash

The net changes in the balance sheet accounts of Debra, Inc. for the year 2021 are shown below: Account Debit Credit Cash $ 127,400 Accounts

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The net changes in the balance sheet accounts of Debra, Inc. for the year 2021 are shown below:

Account	Debit	Credit
Cash	$ 127,400
Accounts receivable		$ 64,800
Allowance for doubtful accounts		10,000
Inventory	197,800
Prepaid expenses	22,000
Long-term investments		145,000
Land	409,000
Buildings	662,000
Machinery	96,000
Office Equipment		27,000
Accumulated depreciation:
Buildings		24,500
Machinery		19,400
Office Equipment	13,500
Accounts payable	184,800
Accrued liabilities		70,000
Dividends payable		126,000
Premium on bonds		36,000
Bonds payable		900,000
Preferred stock ($50 par)	71,900
Common stock ($10 par)		160,000
Additional paid-in capital—common		270,700
Retained earnings	69,000
	$1,853,400	$1,853,400

Additional information:
1.	Net income		$151,000
2.	Cash dividends of $126,000 were declared December 15, 2021, payable January 15, 2022. A 5% stock dividend was issued March 31, 2021, when the market value was $20 per share.
3.	The long-term investments were sold for $136,500.
4.	A building and land which cost $470,000 and had a book value of $366,000 were sold for $417,000. The cost of the land, included in the cost and book value above, was $21,000.
5.	The following entry was made to record an exchange of an old machine for a new one:
	Machinery	150,000
	Accumulated Depreciation—Machinery	42,000
	Machinery		54,000
	Cash		138,000
6.	A fully depreciated copier machine which cost $27,000 was written off.
7.	Preferred stock of $71,900 par value was redeemed for $91,900.
8.	The company sold 12,300 shares of its common stock ($10 par) on June 15, 2021 for $29 a share. There were 90,000 shares outstanding on December 31, 2021.
9.	Bonds were sold at 104 on December 31, 2021.
10.	Land that was condemned had a book value of $242,000. Proceeds received totaled $102,000.