Carla Vista Ltd., a private company reporting under ASPE, reported the following for the years ended May 31, 2021, and 2020. CARLA VISTA LTD. Balance Sheet May 31 Assets 2021 2020 Cash $21,800 $44,000 Accounts receivable 84,800 76,009 Inventory 173,000 157,000 Prepaid expenses 4,800 6,300 Land 122.000 74,000 Equipment 308,000 188,000 Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable (66,200) (37,000) $648,200 $508,300 $41.200 $37,000 Accumulated depreciation Total assets Liabilities and Shareholders' Equity (66,200) (37.000) $648,200 $508,300 Accounts payable $41.200 $37,000 Dividends payable 6,300 4,800 Income taxes payable 2,000 5,800 Mortgage payable 120.000 77,000 Common shares 213,000 163,000 Retained earnings 265,700 220,700 Total liabilities and shareholders' equity $648,200 $508,300 Additional Information: 1. Profit for 2021 was $105,000. 2. Common shares were issued for $50,000, 3. Land with a cost of $50,000 was sold at a loss of $18,800. Purchased land with a cost of $98.000 with a $55.000 downment 5. 4. 5. Land with a cost of $50,000 was sold at a loss of $18,800. payable. Purchased land with a cost of $98,000 with a $55,000 down payment and financed the remainder with a mortgage now No equipment was sold during 2021. Prepare a cash flow statement for the year using the indirect method. Use the order Operating, Investing and Financing. (Show a that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) CARLA VISTA LTD. Cash Flow Statement - Indirect Method Adjustments to reconcile profit to a $ D 4 N CARLA VISTA LTD. Cash Flow Statement - Indirect Method Adjustments to reconcile profit to v $ Note X: Land with as cost of $ was purchased by paying $ cash and issuing a mortgage note payable for $