Hector Enterprises Incorporated had the following financial data at their December 31, 2021 year-end:

REQUIRED: Prepare a statement of cash flows for the year ended December 31, 2021 using the indirect method. (16 marks)

Hector Enterprises Incorporated had the following financial data at their December 31, 2021 year-end: $ $ Cash Accounts receivable Merchandise inventory Long-term investments Equipment Accumulated depreciation, equipment 2021 208,300 26,400 105,300 98,900 415,900 116,000 2020 68,900 19,300 156,300 90,200 259,300 26,700 738,800 $ 567,300 $ $ Accounts payable Income taxes payable Bonds payable Common shares Retained earnings 13,100 24,400 38,300 150,900 512, 100 10,600 20,700 50,600 124,000 361,400 $ 738,800 $ 567,300 $ 542,300 $ Sales (all on credit) Cost of goods sold Depreciation expense Other operating expenses Interest expense Loss on sale of equipment 171,300 106,400 55,300 12,200 4,100 349,300 193,000 Net income $ Additional information: 1) There was no gain or loss on the long-term investments sold or the bonds retired. 2) Old equipment with an original cost of $32,700 was sold for $11,500. 3) New equipment was purchased for $189,300. 4) Paid dividends of during the year. 5) Additional shares were issued during the year. REQUIRED: Prepare a statement of cash flows for the year ended December 31, 2021 using the indirect method. (16 marks)