Jackson, Inc. is in the process of preparing its Statement of Cash Flows for 2021. The followino data are availahle: Additional information: 1. All sales to customers and inventory purchases from suppliers are on credit. 2. Jackson uses its accounts receivable account only for customers and accounts payable account only for suppliers. 3. Land with a fair value of $1,000 was acquired in exchange for common stock. 4. Equipment with a cost of $1,000 and accumulated depreciation of $500 was sold. 5. Other transactions affecting cash occurring during 2021. REQUIRED: Using reverse T-account analysis, prepare a Statement of Cash Flows for 2021. Use proper form and the direct method for reporting cash flows from operating activities. Include a footnote showing non-cash investing and financing activities if appropriate. Show and label your supporting calculations. Jackson, Inc. is in the process of preparing its Statement of Cash Flows for 2021. The followino data are availahle: Additional information: 1. All sales to customers and inventory purchases from suppliers are on credit. 2. Jackson uses its accounts receivable account only for customers and accounts payable account only for suppliers. 3. Land with a fair value of $1,000 was acquired in exchange for common stock. 4. Equipment with a cost of $1,000 and accumulated depreciation of $500 was sold. 5. Other transactions affecting cash occurring during 2021. REQUIRED: Using reverse T-account analysis, prepare a Statement of Cash Flows for 2021. Use proper form and the direct method for reporting cash flows from operating activities. Include a footnote showing non-cash investing and financing activities if appropriate. Show and label your supporting calculations