Picklemania had a net income of 1,050,000$ in 2021. It sold land for 200,500$ that had a book value of 20,050$. It purchased equipment worth 50,500$ by issuing a note payable of 20,800$ and by paying the balance cash. It declared dividends of 5,400$, of which 2,300$ were paid in 2021 and the balance will be paid in 2022. The company made a payment of 355,000$ on long-term debt 2021. The beginning cash balance is 150,000$ in 2021. Create the statement of Cash Flows for the year ended on Dec 31st, 2021. A) Create the Statement of cash flow for Picklemania for the year ending Dec 31st, 2021. Question 7 CASH FLOW - DIRECT METHOD Picklemania had the following T-accounts in 2021 Open bal Prepaid expense $ $ $ $ $ $ DR Open bal AR Sales on credit Collections Close bal AR 25,555 955,555 845,555 135,555 Open bal AP Purchases on credit Payments to suppliers Close bal AP 15,555 155,555 99,555 71,555 25,555 21,555 23,555 23,555 Open bal Interest Payable CR DR Close bal Interest Payable $ -$ 500 15,555 15,555 $ CR Close bal Prepaid Expense $ $ $ $ $ $ 500 $ $ $ $ $ $ Open bal Income Tax Payable $ CR $ DR $ Close bal Income Tax Payable $ 48,555 65,555 74,555 39,555 Open bal Inventory DR CR Close bal Inventory 65,555 155,555 34.555 186,555 Open bal Accrued Liabilities CR DR Close bal Accrued Liabilities 5 15,555 15,555 5 Open bal Interest Payable CR DR Close bal Interest Payable 15,555 15,555 interest expense 19,555 paid 11,555 $ $ $ $ $ $ Picklemania had the following info in 2021 Sales revenue $ COGS $ Operating expenses (Selling ar $ Interest Expense $ Income Tax Expense $ 955,555 546,555 125,555 15,555 65,555 O