Comparative balance sheet accounts of Lincoln Company are presented below. Additional data: 1. Equipment that cost $15,000 and was 60% depreciated was sold in 2021. 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $52,500 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. 2020 Lincoln's 2021 income statement is as follows. Lincoln Company Comparative Balance Sheet Accounts As of December 31 Assets 2021 Cash $ 105,000 $ Accounts receivable 232,500 Allowance for doubtful accounts (15,000) Inventory 102,500 Long-term investments 82,500 Land 60,000 Buildings 217,500 Accumulated depreciation--building (55,500) Equipment 105,000 Accumulated depreciation--equipment (31,500) Total $ 803,000 $ Liabilities and Equity Accounts payable 89,000 Income tax payable 18,000 Long term notes payable 93,000 Common stock 465,000 Retained earnings 138,000 Total $ 803,000 3,000 $ 76,500 195,000 (12,000) 91,500 127,500 37,500 217,500 (42,000) 72,000 (21,000) 742.500 $ 1,410,000 (900,000) 510,000 (375,000) 135,000 Sales revenue Less: cost of goods sold Gross profit Operating expenses (includes depreciation expense and bad debt expense) Income from operations Other revenues and expenses Gain on sale of investments Loss on sale of equipment Income before taxes Income tax expense Net income 22,500 (4,500) 90,000 15,000 105,000 390,000 142,500 742,500 18,000 153,000 (67,500) 85,500 $ Required: Prepare a statement of cash flows for 2021 using the indirect method