prepare a statement of cash flow for 2021 using the INDIRECT METHOD.

Snowman Corporation's comparative of statement of financial position are presented below Snowman Company Comparative Statement of Financial Position December 31 2021 2020 Asset Intagible asset S 43,000 $ 50,000 Plant asset $ 358,000 $ 329,000 Accumulated Depreciation (87,000) $ (84,000) Prepaid expenses $ 12,000 S 11,000 Inventories S 103,000 S 112.000 Account receivable S 53,000 S 48,000 Cash 45,000 S 22,000 Total S527,000 S488,000 Equity and Liabilities Share capital - ordinary Retained earnings Bonds payable Account payable Interest payable Income tax payable Total $ 252,000 $ 172,000 S 65,000 s 33,000 $ 2.000 s 3,000 $ 527,000 $ 228,000 $ 102,000 $ 117,000 $ 26,000 s 7,000 s 8,000 S488,000 Snowman Company Income Statement For the Year Ended December 31, 2020 Sales revenue S 700,000 Less : Cost of good sold S440,000 Wages and Operating expenses 95.000 Interest expenses S 6,000 Depreciation expenses 22.000 Amortization expenses s 7,000 Income tax expenses S 34,000 Loss on bond retirement S 5,000 $ 609,000 Net income $ 91,000 S S Additional information: During 2021, the company sold for $17.000 cash old equipment that had cost $36,000 and had $19,000 accumulated depreciation. Also in 2021, new equipment worth $65,000 was acquired in exchange for $65,000 of bonds payable, and bonds payable of S117,000 were retired for cash at a loss. A $21,000 cash dividend was declared and paid in 2011. Any stock issuances were for cash