P20-44. Statement of cash flows indirect method comprehensive L.O. 20-3, L.O. 20-5) (Difficult - 60 minutes) Zippo's financial statements its at December 31, 2021, appear below: Zippo Ltd. Comparative Balance Sheet As at December 31 2021 2020 BD 81000 Cash Investments held to meet short-term cash commitments Accounts receivable Less allowance for bad debts and doubtful accounts Inventory Property, plant, and equipment Less accumulated depreciation Intangibles, net Deferred product development costs $ 160,000 12,000 300,000 (10,000) 575,000 1,984,000 (650,400) 126,000 564,000 3,060,600 81,000 12,000 659,500 1,150,000 1,158,100 $3,060,600 $ 100,000 10,000 375,000 (15,000) 498,000 1,396,000 (487,000) 135,000 417,000 2,429,000 84,000 Accounts payable Income taxes payable Bonds payable Ordinary shares Retained earnings 2,000 674,000 700,000 969,000 $2,429,000