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need this asap. will leave a thumbs up 2021 2020 48,383 46,235 65,882 27 328 22,326 68,730 Assets Cash Accounts receivable Inventory Long-term Investments Equipment

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2021 2020 48,383 46,235 65,882 27 328 22,326 68,730 Assets Cash Accounts receivable Inventory Long-term Investments Equipment Accumulated depreciation Total assets 47.196 158,261 (25,717) 340,240 47.196 114,739 (22,891) 257,428 Liabilities and Shareholders' Equity Accounts payable Bank loan payable Common shares Retained earnings Total liabilities and shareholders' equity 33,178 42,674 146,957 117,431 25,576 42,674 118,696 70,482 340,240 257,428 Lily Inc. Statement of Income Year ended December 31, 2021 shareholders' equilty 340,240 257,428 245,777 (57.630) 188,147 (50.053) Lily Inc. Statement of Income Year ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses Income from operations Other revenues and expenses Interest expenso 7,659 Income before tax Income tax expense Net income 138,094 7.659) 130,435 (16,216) 114,219 Additional Information: 1. Now equipment costing $70,000 was purchased for cash 2. Equipment costing $26.478 was sold for $10,000, resulting in a gain of $606 that is included in operating expenses. 3. Additional common shares were issued during the year. 4. Cash dividends were paid during the year 6. Included in operating expenses is an amount of $20,000 for depreciation. Required: Prepare in proper format, a Statement of Cash Flows for Lily Inc. for the year ended December 31, 2021, using the indirect method. SHOW ALL WORKINGS AND CALCULATIONS

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