Comparative balance sheet accounts of Wollness Company are presented below. Wollness' 2021 income statement is as follows. Wollness Company Comparative Balance Sheet Accounts As of December 31 Additional data: 1. Equipment that cost $14,000 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. Debt investments that cost $49,000 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. 1,330,000 (840,000) 490,000 2021 98,000 217,000 105,000 77,000 98,000 203,000 56,000 854,000 (350,000) 140,000 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 21,000 Loss on sale of equipment (4,200) Income before taxes 2020 71,400 182,000 85,400 119,000 67,200 203,000 35,000 763.000 Prepare a statement of cash flows using the indirect method. Debit balances Cash Accounts receivable Inventory Debt investments (available for sale Equipment Buildings Land Total Credit balances Allowance for doubtful accounts Accumulated depre.--equipment Accumulated depre.--building Accounts payable Income tax payable Long term notes payable Common stock Retained earnings Total 16,800 156,800 (63,000) 93,800 Income tax expense Net income 14,000 29,400 51,800 92,400 16,800 86,800 434,000 128,800 854,000 11,200 19,600 39,200 84,000 14,000 98,000 364,000 133,000 763,000