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Four (8 marks): The following information is available for Star Corporation for the year ended December 31, 2021 Collection of principal on non-current loan to
Four (8 marks): The following information is available for Star Corporation for the year ended December 31, 2021 Collection of principal on non-current loan to a supplier Acquisition of equipment for cash Proceeds from the sale of long-term investment at book value Issuance of ordinary shares for cash Depreciation expense Redemption of bonds payable at carrying (book) value Payment of cash dividends Net income Purchase of land by issuing bonds payable $15,000 10,000 27,000 20,000 35,000 24,000 14,000 30,000 40,000 In addition, the following information is available from the comparative statement of financial position for Star at the end of 2020 and 2021: Prepaid insurance Accounts receivable (net) Cash Total current assets Accounts payable Salaries and wages payable Total current liabilities 2021 $ 17,000 2020 $13,000 20,000 15,000 87,000 14.000 $124.000 $42.000 $ 25,000 $19,000 4,000 7,000 $ 29.000 $26.000 Instructions Prepare Star's statement of cash flows for the year ended December 31, 2021 using the indirect
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