Cash Flow Statement Indirect Method Based on the financial information below, fill in the blanks to complete the cash flow statement using the direct method Enter cash inflows as a positive amount with no dollar signs or commas , for example for $10,000 enter: Enter cash outflows as a negative amount with no dollar signs or commas, for example for ($10,000) enter: Psychodelia Fixation Balance sheet as at December 31 ASSETS 20222021 Cash 97,80048,400 Held for trading investments 128,000114,000 Accounts receivable 79,00043,000 Inventory 131,000100,300 Prepaid insurance 18,40026,000 Psychodelia Fixation Balance sheet as at December 31 ASSETS Cash Held for trading investments Accounts receivable Inventory 20222021 Prepaid insurance Equipment \begin{tabular}{rr} 97,800 & 48,400 \\ 128,000 & 114,000 \\ 79,000 & 43,000 \\ 131,000 & 100,300 \\ 18,400 & 26,000 \\ 270,000 & 242,500 \\ (50,000) & (52,000) \\ \hline 674,200 \\ \hline \end{tabular} Accumulated depreciation Total assets LIABILITIES AND SHAREHOLDER'S EQUITY \begin{tabular}{lrr} Accounts payable & 93,000 & 77,300 \\ Accrued liabilities & 11,300 & 7,000 \\ Deferred revenue & 11,900 & 7,500 \\ Bank loan payable & 110,000 & 150,000 \\ Common shares & 200,000 & 175,000 \\ Retained earnings & 248,000 & 674,200105,400 \\ \hline Total liabilities and equity & 522,200 \\ \hline \end{tabular} Psychodelia Fixation Income Statement for the year ended December 31,2022 Old equipment costing $57,500 was sold resulting in a gain of $7,500. ivel vasII provided by operating activities Investing activities Proceeds on disposal of equipment sold Purchase of new equipment \begin{tabular}{|l|} \hline Blank 7 \\ \hline Blank 8 \\ \hline \end{tabular} Blank 9 Total Investing Cash flow Financing activities Sale of common shares Repayment of bank loan payable Payment of cash dividends \begin{tabular}{|l|} \hline Blank 10 \\ \hline Blank 11 \\ \hline Blank 12 \\ \hline \end{tabular} Blank 13 Net increase in cash Blank 14 Cash, January 1, 2022 Blank 15 Cash, December 312022 Blank 16 Question 21 (20 points)