Going for Broke Limiteds 2020 and 2021 balance sheets included the following items:

	December 31
Debits	2021	2020
Cash .............................................................................................	$10,500	$ 4,000
Accounts receivable.....................................................................	8,000	9,000
Merchandise inventory................................................................	21,000	18,000
Equipment.....................................................................................	18,000	15,000
Totals..................................................................................	$57,500	$46,000
Credits
Accumulated depreciation, equipment......................................	$ 4,000	$ 3,000
Accounts payable.........................................................................	7,000	5,000
Taxes payable...............................................................................	1,000	2,000
Dividends payable........................................................................	1,500	0
Common shares, no-par value...................................................	33,000	30,000
Retained earnings........................................................................	11,000	6,000
Totals..................................................................................	$57,500	$46,000

Going for Broke Limiteds income statement was as follows:

Going for Broke Limited Income Statement For the Year Ended December 31, 2021
Sales .............................................................................................		$61,000
Cost of goods sold.......................................................................	$40,000
Wages and other operating expenses......................................	6,300
Income taxes expense.................................................................	4,200
Depreciation expense..................................................................	1,500	52,000
Net income....................................................................................		$ 9,000

Required:

Prepare the statement of cash flows in good form for the year ended December 31, 2021 under the indirect method. Additional information includes the following:

1. Equipment costing $3,500 was purchased during the year.
2. Fully depreciated equipment that cost $500 was discarded and its cost and accumulated depreciation were removed from the accounts.
3. Two hundred common shares were sold and issued at $15 per share.
4. The company declared $4,000 of cash dividends and paid $2,500.