Need step by step explanation. clear calculation

Please refer to the following statement of financial position and statement of Otherdata: - An equipment with a cost of $20,000 was sold in 2021 forcash. - Dividends were declared and paid in 2021. - Land was purchased using cash. - New shares were also issued for cash. Required: (A) Using the information provided, prepare a statement of cash flows for the year ended December 31,2021 using the indirect method. (B) Peter, one of your friends, casually mentions that the statement of cash flows is not important for decision-making as modern accounting focuses on accrual accounting to calculate profit. Critically evaluate his point.|