Cullumber Ltd., which follows ASPE had the following comparative statement of financial position: Cullumber Ltd. Comparative Statement of Financial Position December 31 Assets Cash Accounts receivable 2021 2020 $ 81,000 $ 47,200 136,500 103,400 Inventory Prepaid insurance Equipment Accumulated depreciation-equipment 78,500 122,100 10,000 8,100 309,000 272,900 (74,500) (51,000 ) Total assets $ 540,500 $ 502,700 Liabilities and Shareholders' Equity Accounts payable $ 90,400 $ 74,500 Salaries and wages payable 14,400 7,500 Income taxes payable 18,400 20,400 Mortgage payable 112,400 120,000 Common shares 228,500 203,500 Retained earnings 76,400 76,800 Liabilities and Shareholders' Equity Accounts payable $ 90,400 $ 74,500 Salaries and wages payable 14,400 7,500 Income taxes payable 18,400 20,400 Mortgage payable 112,400 120,000 Common shares 228,500 203,500 Retained earnings 76,400 76,800 Total liabilities and shareholders' equity $ 540,500 $ 502,700 Additional information: Net income was $54,600. . New equipment was purchased and none was sold. Common shares were issued for cash. Cash dividends were paid to common shareholders. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a sign eg. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to net cash provided by operating activities: Cullumber Ltd. Statement of Cash Flows Question 1 of 28 < > Adjustments to reconcile net income to net cash provided by operating activities: v S Question 1 of 28 $ -/10