Consider the following income statement for the Sandler Company for the year ended December 31, 2021 and the balance sheets for December 31, 2020 and 2021. Based on these statements, construct the cash flow identity AND provide a brief analysis of what Sandler's cash flows are indicating. Assets SANDLER COMPANY Balance Sheets as of December 31, 2020 and 2021 2001 2000 Cash $26,000 $13,000 Accounts receivable 18,000 14,000 Inventory 38,000 35,000 Property, plant, and equipment (net) Total 40,000 54,000 $122,000 $116,000 Liabilities and Stockholder's Equity 2001 2000 Accounts payable $29,000 $33,000 Current portion of long-term debt payable 15,000 20,000 Long-term debt 20,000 10,000 Common stock 25,000 25,000 Retained earnings 33,000 28,000 Total $122,000 $116,000 SANDLER COMPANY 2021 Income Statement Sales $240,000 Cost of goods sold Gross profit Selling, general, and administrative expenses 180,000 60,000 23,000 Depreciation expense Income from operations 11,000 26,000 Interest expense Earnings before taxes Income tax expense 2,000 24,000 Net income 7,000 $17,000