Carla Vista Ltd., which follows ASPE had the following comparative statement of financial position: 2020 Carla Vista Ltd. Comparative Statement of Financial Position December 31 Assets 2021 Cash $ 85,000 Accounts receivable 140,000 Inventory 80,000 Prepaid insurance 10,400 Equipment 302,000 Accumulated depreciation-equipment (71,000) Total assets $ 546,400 Liabilities and Shareholders' Equity Accounts payable $ 88,800 Salaries and wages payable 12,800 Income taxes payable 16,800 Mortgage payable 110,800 Common shares 218,500 Retained earnings 98,700 Total liabilities and shareholders' equity $ 546,400 $ 45,400 101,600 120,500 7,700 270,500 (51,000) $ 494,700 $ 72,900 8,400 18,800 120,500 210,000 64,100 $ 494,700 Additional information: Net income was $54,000. New equipment was purchased and none was sold. Common shares were issued for cash. Cash dividends were paid to common shareholders. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Carla Vista Ltd. Statement of Cash Flows $ $ Adjustments to reconcile net income to net cash provided by operating activities: > > $ $ $ > $ $ > $ > $ V