Attempt in Progress Crane Ltd, which follows ASPE had the following comparative statement of handal position 7 Crane Ltd. Comparative Statement of Financial Position December 31 Assets 2021 Cash 2020 $ 82.000 Accounts receivable $ 46 800 138.500 Inventory 103,100 75.500 120.900 Prepaid insurance 10,000 8.500 Equipment 310.000 273,700 Accumulated depreciation-equipment (73,500) (51.000 Total assets $ 542.500 $ 502,000 Liabilities and Shareholders' Equity Accounts payable $ 89.200 73,300 Salaries and wapes navahle 12200 7 Liabilities and Shareholders' Equity Accounts payable $ 89 200 s 73,300 Salaries and wages payable 13.200 7.900 Income taxes payable 17,200 19.200 Mortgage payable 111.200 122,000 Common shares 226,500 200,000 Retained earnings 85,200 79.600 Total liabilities and shareholders equity $ 542,500 $ 502.000 Additional information Net income was $57.000. New equipment was purchased and none was sold. Common shares were issued for cash Cash dividends were paid to common shareholders. -15 Prepare the statement of cash flows using the indirect format (Show amounts that decrease cosh flow with either ses -15,000 or in parenthesis es (15,000) Crane Ltd. Statement of Cash Flows Adjustments to reconcile net income to net cash provided by operating activities 5 Adjustments to reconcile net income to net cash provided by operating activities 5 -75 $ $ $ $