Prepare a Cash Flow Statement for the year ended December 31, 2021 using the indirect method. (30 marks) ASSETS 2021 2020 LIABILITIES 2021 2020 Cash 92,150 46,150 Accounts Payable 52,700 48,410 A/R 90,700 36,150 Accrued Expenses 11,700 19,010 Inventory 122,000 102,550 Bonds Payable 140,000 70,000 Investment Land 85,100 107,150 Common Shares 250,000 195,000 Property & Equipment 285,200 201,000 Retained Earnings 172,490 121,580 Ace. Depreciation (48,260) (39,000) TOTAL 626,890 454,000 TOTAL 626,890 454,000 Income Statement - 2021 Sales 286,500 Gain on disposal of Equipment 7,750 Total Revenue 294,250 EXPENSES Cost of Goods Sold 95,650, Depreciation Expense 56,100 Operating Expense 14,270 Income Tax Expense 36,800 Interest Expense 2,710 Net Income 88,720 Additional Information I. Investments in land were sold at cost during 2021. 2. Equipment costing $55,200 was sold for $16,110, resulting in a gain. Common shares were issued in exchange for some equipment during the year. other shares were issued. The remaining purchases of equipment were paid for in cash. No 3. 4