Crane Shoes' comparative balance sheet is presented below. Crane reports under ASPE. CRANE SHOES Balance Sheet December 31 Assets 2021 2020 Cash $27,636 $17,346 Accounts receivable 23,716 21,854 Long-term investments 22,540 15,680 Equipment 58,800 68,600 Accumulated depreciation-equipment (13,720) (9,800) Total $118,972 $113,680 Liabilities and Shareholders' Equity Accounts payable $19,208 $10,878 Notes payable 9,800 29,400 Common shares 58,800 44,100 Retained earnings 31,164 29,302 Total $118,972 $113,680 Additional Information: 1. Profit was $27,734. Dividends declared and paid were $25,872. 2. Equipment that cost $9,800 and had accumulated depreciation of $1,176 was sold for $4,214. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. 3. * Question 2 Prepare a statement of cash flows for 2021 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows for 2021 using the indirect method and Calculate free cash flow. X Your answer is incorrect Calculate free cash flow. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis eg (15,000)) Free cash flow 10976