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HENRY CORPORATION Balance Sheet December 31, 2020 and 2021 2021 2020 Difference ASSETS Cash $ 400,000 $ 347,000 53,000 Accounts Receivable 450,000 460,000 Allowance Bad Debt (77.000) (90.000) Merchandise Inventory 600,000 530 000 Long term accounts receivable 105,000 150,000 Property Plant Equipment 800,000 860,000 Accumulated Depreciation ( 200,000) (162,000) Intangible 70,000 85.000 Total Assets $ 2,148,000 $2,180,000 LIABILITIES and EQUITY Accounts Payable $ 89,000 500,000 Unearned Revenue 11,000 20,000 Short-term Notes Payable 155,000 160,000 Long-term Notes Payable 105,000 140.000 Bonds Payable 600,000 500,000 Deferred Taxes 100,000 45,000 Preferred Stock @ par value 25,000 35,000 Common Stock @ par value 600,000 400.000 APIC - Common 213.000 230,000 Retained Earnings 250.000 200,000 Treasury Stock - Common 00 (50,000) Total Liabilities and Equity $ 2,148,000 $ 2,180,000 Additional Facts: 1. Paid a cash dividend of $76,000 2. Paid $21,000 of income tax in 2021 3. Equipment which had cost $75,000 was carried on the books at $52,000 was sold for $88,000 5. Stock of $15,000 was issued for Property Plant and Equipment in 2021 Treasury Stock was reissued for $61,000 6. Paid $48,000 of interest in 2021 7. Paid $65,000 in operating lease payments to unaffiliated corporation. Required: 8. Changed their allowance for bad debt method to Balance Sheet Statement focus in June of 2021 Prepare a Cash Flow Statement using the indirect method. Include all appropriate account analysis to support your financial statement. T-Account format is recommended.Cash Flow Exam Problem Final Examination - 50 points HENRY CORPORATION Cash Flow Statement For the year ending December 31, 2021 Cash Flow Operations Cash Flow Investing Cash Flow Financing Net Income Net CFO Net CFI Net CFF Begin Cash Ending Cash A Cash Net Cash Flow Please show your analysis by including t-accounts and computations