Freaky Deaky Company provided the following income statements and statements of financial position for 2021. Freaky Deaky Company Income Statement For the Year Ended March 31, 2021 $3,855,000 1,905,000 1,950,000 Sales revenue Cost of goods sold Gross margin Operating expenses Salary expense Depreciation expense Interest expense Administrative expenses Total operating expenses Income from operations Other items Gain on sale of assets Income before income tax Income tax expense Net Income $335,000 95,000 150,000 525,000 1,005,000 845,000 10,000 855,000 345,000 $ 510,000 Freaky Deaky Company Statement of Financial Position At March 31, Assets 2021 2020 Current Cash Accounts receivable Inventory Prepaid insurance Total current assets $ 285,000 350,000 290,000 55,000 980,000 $ 335,000 400,000 240,000 35,000 1,010,000 Property, equipment and vehicles Accumulated amortization Total non-current assets 650,000 (165,000) 485,000 $1,465,000 590,000 (130,000) 460,000 $1,470,000 Liabilities Current Accounts payable Wages payable Unearned revenue Income taxes payable Total current liabilities $ 60,000 15,000 50,000 $ 50,000 20,000 35,000 35,000 140,000 55,000 180,000 Total current liabilities 180,000 140,000 Bonds payable Total liabilities 490,000 670,000 575,000 715,000 Shareholders' Equity Common shares Retained earnings 365,000 430,000 $1,465,000 285,000 470,000 $1,470,000 Additional information provided by the company is as follows: 1. Property, plant and equipment originally costing $90,000 was sold for $40,000. 2. New equipment costing $150,000 was purchased during the year. 3. New shares were issued for $80,000 during the year. Required: Prepare the cash flow statement for the 2021 financial statement package, using the indirect method