Condensed financial data follow for Cullumber Ltd. E-Perform reports under ASPE. CULLUMBER LTD. Balance Sheet December 31 Assets 2021 Cash $99,370 Accounts receivable 75.100 Inventory 127.800 Prepaid expenses 38.100 Long-term investments 125,800 Property, plant, and equipment 271,500 Accumulated depreciation (46.500) Total assets $685,170 Liabilities and Shareholders' Equity Accounts payable $93,300 Accrued expenses payable 12.100 Notes payable 101,000 Common shares 231,800 Retained earnings 246,970 Total liabilities and shareholders' equity $685,170 2020 $47,200 43.700 95.900 24.800 111,800 244.800 (50.700) $517.500 $76.400 7.000 151,600 173.400 109,100 $517.500 CULLUMBER LTD. Income Statement Year Ended December 31, 2021 Sales $493,100 Cost of goods sold 183.700 Gross profit 309,400 Operating expenses $57,000 Depreciation expense 45,600 Loss on sale of equipment 8,300 110.900 Profit from operations 198.500 Other expenses Interest expense 4,700 Profit before income tax 193.800 Income tax expense 43,300 Profit $150.500 Additional information: 1. New equipment costing $85,100 was purchased for $31.500 cash and a $53.600 note payable. 2. Equipment with an original cost of $58.400 was sold at a loss of $8.300. 3. Notes payable matured during the year and were repaid. 4. Along-term investment was acquired for cash. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a-signeg. -15,000 or in parenthesis eg. (15,000).) Prepare a cas flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a signes. -15,000 or in parenthesis eg. (15,000).) CULLUMBER LTD. Cash Flow Statement-Indirect Method $ Adjustments to Reconcile Profit to $ $ $ Note X: Equipment was purchased by paying $ cash and issuing a note payable for $