Needing to create a statement of cash flow using the indirect method with the following info:

Statement of Cash Flow

For the Year Ended December 31, 2021

Cash Flows from Operating Activities

Net Income

Adjustments to reconcile net income to

Net cash flow from operating activities

Net Cash Flow from Operating Activities

Cash Flows from Investing Activities

Cash received from sale

Less cash used for purchases

Net Cash Flow from Investing Activities

Cash Flow from Financing Activities

Cash received from sale

Less cash paid dividends or long-term debt

Net Cash Flow from Financing Activities

Increase or decrease in cash

Cash at the beginning of the year

Cash at the end of the year

Comparative Statement of Income

For the Year Ending December 31, 2021

			2021	2020
Sales			1,600,000	940,000
Cost of Goods Sold			1,040,000	693,000
Gross Margin			560,000	247,000
Operating Expenses:
	Salaries and wages expense		80,000	50,000
	Rent Expense		20,000	20,000
	Depreciation Expense		30,000	24,000
		Total Operating Expenses	130,000	94,000
Income from Operations			430,000	153,000
	Loss on Sale of Equipment		-500	0
	Interest expense		-8,000.00	-3,000
		Increase (Decrease) in operating income	-8,500.00	-3,000
Income before taxes			421,500	150,000
Federal Income Taxes			-126,450	-45,000
Net Income			295,050	105,000
	Balance Sheet
Assets		2021		2020
Current Assets:
	Cash	366,520		90,000
	Accounts Receivable, net	160,000		170,000
	Merchandise Inventory	130,000		70,000
	Prepaid Rent	70,000		50,000
	Total Current Assets	$726,520		380,000
Property, Plant, and Equipment:
	Equipment	240,000		260,000
	Less: Accumulated Depreciation - Equipment	-60,000		-40,000
	Total Property, Plant, and Equipment	$180,000		220,000
Total Assets		$906,520		600,000
Liabilities and Stockholders Equity		2021		2020
Current Liabilities:
	Accounts Payable	90,000		55,000
	Dividends Payable	-
	Unearned Revenue	20,000		80,000
	Salaries payable	70,000		50,000
	Federal Income Taxes Payable	30,000		15,000
	Total Current Liabilities	$210,000		200,000
Long Term Liabilities
	Bond Payable	20,000		100,000
	Note Payable	60,000		0
Total Liabilities		$290,000		300,000
Stockholders Equity:
	Common Stock, $10 Par	150,000		100,000
	Paid-In Capital in Excess of Par	15,000		10,000
	Retained Earnings	451,520		190,000
	Total Stockholders Equity	$616,520		300,000
Total Liabilities and Stockholders Equity		$906,520		600,000