Cash Flow Statement Assignment (Winter 2021) The following are accounting items taken from the records of the Biden Company for 2021: Cash payment to stockholders as dividends $28.000 Decrease in accounts payable $36.000 Decrease in accounts receivable $46,500 Increase in inventories $14,4001 Increase in salaries payable $30,000 Net income for 2021 $102,000 Cash payment for purchasing land and building $96,000 Cash payment for reducing long-term notes payable $34.800 principal payment: S33.000, interest expense and payment: S1.800) Cash received from issuance of ten-year bonds payable at par value Depreciation expense Amortization expense $120,000 SI8,000 5.200 $48,000 9,000 Cash received from sale of patent rights Gain on the sale of patent rights Purchase equipment by issuing long-term notes $52,000 Cash (at the beginning of 2021) $420,000 Required: Prepare the Statement of Cash Flows for Biden Company for 2021 using the indirect method. You are required to use Excel (including Excel functions) to complete the assignment