Prepare a formal Statement of Cash Flows for 2021

Prob FSA3-3 Given below are the Statements of Financial Condition and Profit and Loss Statements of Funtime Funeral Sercies Inc.for 2021 and 2020. Prepare a formal Statement of Cash Flows for 2021 Dividends paid in 2021 = $30,000 FUNTIME FUNERAL SERVICES, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021, 2020 , , FUNTIME FUNERAL SERVICES, INC. PROFIT AND LOSS STATEMENT FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 2021 2020 2021 2020 $ $ Sales Less-Cost of Sales 579,020 309,001 452,992 288,770 $ $ ASSETS: Current Assets Cash Accounts Receivable Inventories Prepaid Expenses 124,963 $ 116,510 199,803 16,933 83,498 99,056 153,488 21,346 Gross Profit 270,019 164,222 Total Current Assets 458,209 357,388 Fixed Assets: Fixtures and Equipment Automobiles Less-Operating Expenses: Salaries and Wages Rent Expense Heat, Light and Power Depreciation Advertising Amortization Expense Other Operating Expenses 126,900 65,179 121,098 49,823 49,024 30,000 21,777 16,583 20,229 2,398 12,643 38,990 30,000 19,794 13,234 14,441 2,398 11,367 Total Less-Accumulated Depreciation 192,079 102,724 170,921 86,141 Total Operating Expenses 152,654 130,224 Net Fixed Assets Goodwill 89,355 10,313 84,780 12,711 Net Income before Interest and Tax 117,365 33,998 Total Assets $ 557,877 $ 454,879 Less-Interest Expense 9,900 9,000 Net Income before Taxes 107,465 24,998 Less-Federal and State Income Taxe 48,359 11,249 $ LIABILITIES AND CAPITAL: Current Liabilities: Accounts Payable Notes Payable-Bank (currently due) Accrued Expenses Accrued Federal and State Taxes on Income Net Income After Taxes $ 59,106 $ 13,749 158,496 $ 60,000 51,331 42,786 95,666 15,000 41,572 76,483 Total Current Liabilities 312,613 228,721 Notes Payable-Bank (not currently due) 50,000 60,000 Capital: Common Stock Retained Earnings 84,600 110,664 84,600 81,558 Total Capital 195,264 166,158 Total Liabilities and Capital $ 557,877 $ 454,879