Accounting Principles, 8th Canadian Edition, Volume 2... Page 504 of 675 Qu Search Ustiosuit. (nunt. Ut iacuu to telp you calculate the case IUWS.) Accounting Principles, Bt... Prepare cash flow statement- indirect method. E17.11 (LO 2) AP Savary Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows: SAVARY LIMITED Balance Sheet December 31 Assets 2021 2020 $ 85,000 600,000 330,000 25,000 1,000,000 (280,000) $1,760,000 Cash $ 114,000 Accounts receivable 750,000 Inventory 500,000 Prepaid insurance 18,000 Equipment and vehicles 1,250,000 Accumulated depreciation (350,000) Total assets $2,282,000 Liabilities and Shareholders' Equity Accounts payable $ 226,000 Salaries payable 30,000 Interest payable 26,000 Notes payable 500,000 Common shares 600,000 Retained earnings 900,000 Total liabilities and shareholders' equity $2,282,000 Additional information: I 1. Profit for 2021 was $200,000. 2. Equipment was purchased during the year. No equipment was sold. 3. Cash dividends were paid to the common shareholders during the year. $ 200,000 40,000 20,000 350,000 400,000 750,000 $1,760,000 17-47 Instructions Prepare the cash flow statement using the indirect method