December 31 202 Cash $ 18,000 Arcommis receivable 3 22.900 29.000 Lavenmary 25,090 15.000 1 and 17,000 20,000 Equipment, act 24,000 16,009 Total assets 106,000 30,090 Liabilities and Shareholders' Equity Accounts payables 11,000 25,000 Long term notes payable 26,000 11,000 Common shares 15,000 12,000 Retained earnings 50,000 32,090 Total liabilities and shareholders' equity 106,000 80,000 Additional information: I Net earnings for the year ended December 31, 2021 were $20,000. 2. The carrying amount of the equipment at the end of 2021 and 2020 was determined as follows December 31, December 31. 2021 2020 Equipment $ 30,000 $ 26,000 Less: accumulated depreciation (6,000) (10,000) Net carrying amount 24,000 16,000 3. Equipment with a cost of $16,000 and accumulated depreciation of $8,000 was sold for cash proceeds of $9,000 during 2021. 4. Equipment costing $15,000 was purchased during the year by issuing a note payable. All other equipment purchases were for cash. There were no other non-cash transactions during the year. Required: Prepare a statement of cash flows for the year ended December 31, 2021 using the indirect method. Space is ipe of this exam