Help The comparative statements of financial position of Mikos Inc. as at December 31, 2020 and 2021 and its statement of earnings for the year ended December 31, 2021 are presented below: MIKOS INC. Comparative Statements of Financial Position December 31 2021 2020 Assets Cash $ 9,000 $ 17,000 Short-term investments 45,000 20,000 Accounts receivable 68,000 26,000 Inventories, at cost 54,000 40,000 Prepaid expenses 4,000 6,000 Land 45,000 70,000 Property, plant, and equipment, net 280,000 179,000 Intangible assets 24,000 28,000 $529,000 $386,880 Liabilities and Shareholders' Equity Accounts payable $ 17,000 $ 40,000 Income tax payable 6,000 1,800 Accrued liabilities 10,000 -0- Long-term notes payable 110,000 150,000 Contributed capital 200,000 60,000 Retained earnings 186,000 135,000 $529,000 $386,000 MIKOS INC. Statement of Earnings For the Year Ended December 31, 2021 Sales Cost of sales Amortization expense-intangible assets Depreciation expense-property, plant, and equipent Operating expenses Interest expense Earnings before income taxes Income tax expense Net earnings $850,000 $430,000 4,000 33,000 221,000 12,000 700,000 150,000 45,000 $105,000 Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short-term investments will mature in February 2022. c. Cash dividends were declared and paid in 2021. d. New equipment with a cost of $166,000 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $10,000 were paid in cash, and notes of $30,000 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2021 by using the Indirect method. (Negative answers should be indicated by a minus sign.) aved MIKOS INC. Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net earings to net cash provided by operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Cash and short-term investments, beginning of year Cash and short-term investments, end of year