Debra, Inc. has prepared the following comparative balance sheets for 2020 and 2021: 2021 2020 Cash $ 332,760 $ 180,540 Accounts receivable 164,020 138,060 Inventory 177.000 212.400 Prepaid expenses 21,240 31.860 Plant assets 1,528.100 1.239.000 Accumulated depreciation (531.000) (442.500) Patents 180.540 205.320 $1.872.660 $1,564.680 Accounts payable $ 180.540 $ 198.240 Accrued liabilities 70.800 49.560 Martgage payable 531.000 -/1 E Preferred stock 619.500 Additional paid-in capital-preferred 141,600 Common stock 708,000 708,000 Retained earnings 152,220 77,880 $1,872,660 $1,564,680 The Accumulated Depreciation account has been credited only for the depreciation expense for the period. 2 The Retained Earnings account has been charged for dividends of $162.840 and credited for the net income for the year. The income statement for 2021 is as follows: Sales revenue $2.336,400 Costo 1.285.020 Grosso 1051.380 Te to searce Gross profit 1,051,380 Operating expenses 814,200 Net income $ 237,180 (a) From the information above, prepare a statement of cash flows (indirect method) for Debra, Inc. for the year ended December 31, 2021. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis eg. (15,000).) Debra, Inc. Statement of Cash Flows For the Year Ended December 312021 Increase (Decrease) in Cash Cash Flows from Operating Activities Net Income 76F Partly sunny Debra, Inc. Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increasen Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses search 76F Partly sunn Question 3 of 3 Decrease in Inventory Increase in Prepaid Expenses Increase in Accounts Payable Increase in Accrued Liabilities Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets pe here to search 76F Partly s search 76F Partly sunny From the information above, prepare a schedule of cash provided by operating activities using the direct method. Debra, Inc. Schedule of Cash Provided by Operating Activities e Teythonk and Media re to search 76F Partly su