JS Kelso, Spatermediate Accounting, 12ce Volume 1 WYPLUS Grades - 20W --COL ER Crane Ltd., which follows ASPE had the following comparative statement of financial position: Crane Ltd. Comparative Statement of Financial Position December 31 Assets 2021 2020 Cash $ 84,500 Accounts receivable $ 48,000 135,000 104,700 Inventory 79,000 120,200 Prepaid insurance 9,900 7,600 Equipment 302,000 271,700 Accumulated depreciation-equipment (66,000 (52,000 Total assets $544,400 $500,200 Liabilities and Shareholders' Equity Accounts payable $ 88,100 $ 72,200 Salaries and wages payable 12,100 7,700 Income taxes payable 16,100 18,100 Mortgage payable 110,100 122,500 Common shares 212,500 209,500 Retained earnings 105,500 70,200 Total liabilities and shareholders' equity $544,400 $500,200 Additional information: Net Income was $54,100. New equipment was purchased and none was sold. Common shares were issued for cash. Cash dividends were paid to common shareholders. Activate Go to Sett Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a sign e.g. -15,000 (15,000).) search