Ben is the chief accountant of Great Power Ltd, a multi-national company listed on London Stock Exchange. He is asked to prepare a statement of cash flows for the year ended December 31, 2021. The following information is provided: Income Statement 2021 Sales $750,000 Less: Cost of goods sold 450,000 Salaries and other operating expense 156,000 Depreciation 79,000 Loss on disposal of building 15,000 Profit before tax 50,000 Less: Income tax expense 14,000 Net Profit $36,000 Statements of Financial Position Assets 2021 2020 Cash $57,000 $30,000 Accounts receivable 102,000 106,000 Inventory 165,000 175,000 Prepaid expenses 13,000 7,000 Buildings (less accumulated depreciation) 343,000 291,000 $680,000 $609,000 Liabilities & Equity Accounts payable 80,000 75,000 Salaries payable 63,000 66,000 Bonds payable, due March 31, 2028 98,000 80,000 Share capital - ordinary 110,000 95,000 Share premium-ordinary 86,000 81,000 Retained earnings 243,000 212,000 $680,000 $609,000