depreciation For the year 2021 , ABC Corporation reported net income of $120,000, which included that year, certain balance of $23,000 and a $2,000 loss on the sale of machinery. Over the course of - Decrease in prepaid accounts changed as follows: - Decrease in prepaid insurance: $8,000 ABC Corporation also provides $19,000 ABC Corporation also provides the following information about cash activities in the year 2021: - Surchased land: $110,000 - Sold used machinery: $18,000 - Paid $1.00 cash dividend on 50,000 shares of outstanding common stock ABC Corporation's cash balance was $65,000 on 12/31/2020 and $207,000 on 12/31/2021. Based on this information, prepare ABC's Statement of Cash Flows for 2021 using the template on the next page. - Use the indirect method for the Operating section and the direct method for Investing and Financing sections. - Enter descriptions on the left and amounts on the right in the table provided. - Use a negative sign or parentheses around a number to indicate a subtraction. ABCn