Balance Sheet as of Dec 31	2021		2020
Current Assets
Cash & Cash Equivalents	73000		89000
Accounts receivable (net)	35000		30000
Prepaid expenses	3000		5000
Inventory	11000		14000
None-Current Assets
PP&E	130000		110000
Accumulated depreciation-PP&E	(26000)		(15000)
Intangible Assets	50000		0
Accumulated amortization-intangible assets	(5000)		0
Total Assets	271000		233000
Current Liabilities
Trade accounts payable	5000		6000
Short-term notes payable (commercial paper)	4000		6000
Accrued liabilities	3000		2000
Dividends payable	0		2000
None-Current Liabilities
Bonds payable	29000		19000
Deferred tax liabilities	2000		3000
Stockholders' Equity
Common stock-par value	1000		1000
PIC in excess of par value	50000		50000
Treasury Stock	(5000)		0
Retained earnings	182000		144000
Total L and SE	271000		233000

Additional information:

1. Net income for 2021 is $42,000. Sales revenue is $280,000. Cost of goods sold is $120,000.

2. (All in 2021) Depreciation expense for PP&E is $14,000. Amortization for intangible assets is $5,000. Amortization of prepaid expenses is $2,000. Bad debt expense is $1,000. Write-off of uncollectible accounts equals $800.

3. The following transactions took place with respect to PP&E in 2021:

- Purchased PP&E for $30,000 cash.

- Sold PP&E with cost of $10,000 and accumulated depreciation of $3,000 for $8,000 cash. Gain recognized from the sale of PP&E is $1,000.

4. Purchased a patent for $50,000 cash.

5. $10,000 of long-term debt was issued during the year.

6. 6. In 2021, the company paid a total of $6,000 of cash dividends, of which $4,000 was declared in 2021 and $2,000 was declared in 2020.

7. 7. Bought back $5,000 of common stock.

Instructions: Prepare a statement of cash flows for the year ended 2021 (all three sections). Use the indirect method for the operating section