Prepare a statement of cach flows

Sweet Vines Winery, Inc. Income Statement For the year ended December 31, 2021 Net Sales S 4,500,000 Cost of Goods Sold 3.100.000 Gross Profit 1,400,000 Salaries Expense 725,000 Insurance Expense 72,000 Other Operating Expenses 128,000 Depreciation Expense 95,000 Interest Expense 20,500 Operating Income 359,500 Gain on Sale of Land 15,000 Income before Income Taxes 374,500 Income Tax Expense 135,700 Net Income S 238,800 2020 S 124.000 319,400 404.600 21,500 Sweet Vines Winery, Inc. Balance Sheets December 31 2021 Assets Current Assets: Cash 236,000 S Accounts Receivable 294,900 Inventory 465,100 Prepaid Insurance 12,200 Long-term Assets: Intangible Assets 312,800 Land 1,100,000 Equipment 1,025,000 Accumulated Depreciation (380,000) Total Assets S 3,066,000 $ Liabilities & Stockholder's Equity Current Liabilities: Accounts Payable s 285.900 Salaries Payable 19,800 Interest Payable 12,600 Income Tax Payable 33.100 Long-Term Liabilities: Notes Payable 635,000 Stockholder's Equity: Common Stock 950.000 Retained Earnings 1.129,600 Total Liabilities & Stockholder's Equitys 3,066,000 S 184,500 1,200,000 950,000 (285,000) 2,919,000 334.700 21,500 8,200 48,300 560,000 925,000 1,021,300 2,919.000 Additional Information for Sweet Vines Winery, Inc. for the year ended December 31, 2021 taken from the general ledger: 1. Purchased additional brands (trademarks as intangible assets) for $128,300 in cash. There is no amortization expense associated with the company's intangible assets. 2. Sold land costing $100,000 for $115,000 cash, resulting in an $15,000 gain on the sale of land. 3. Declared and paid a cash dividend of $130,500 on the company's common stock 4. Issued Common Stock for $25,000 cash. 5. Purchased $75,000 in equipment by issuing a note payable. No cash was exchanged in the transaction Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to net cash flow from operating activities: Net Cash Flows from Operating Activities Cash Flows from Investing Activities Net Cash Flows from Investing Activities Cash Flows from Financing Activities Net Cash Flows from Financing Activities Net increase (decrease) in Cash Cash at the beginning of the Period Cash at the end of the Period Note: Noncash Activities