Prepare a Statement of Cash Flows in good form using the indirect method for the year ended December 31, 2021. Provide all supporting calculations. (17 marks)

Place your statement and supporting calculations here

Steps

Place supporting calculations here for the Statement of Cash Flows

indirect method: starting point is net income, a reconciliation is required to adjust it to a cash basis

Orange Inc. had the following financial data related to the year ended December 31, 2021. Balance Sheet information As at December 31 2021 2020 Cash $270,040 $138,880 Accounts receivable 136,360 58,800 Inventory 155,250 143,420 Equipment 351,000 291,000 (2) Accumulated depreciation (65.000) (62.400) $847.650 $569.700 Accounts Payable Income Taxes Payable Dividends Payable Bonds Payable Common Shares $106,393 11,450 33,607 $ 80,760 10,400 10,000 100,000 132,000 198,000 282,000 314.200 Retained Earnings 138.540 S847.650 $569.700 Income Statement For Year ended December 31 Sales $479,892 $161,644 58,800 17,374 Cost of goods sold Amortization expense Other expenses Income tax expense Interest expense Loss on sale of equipment Net Income 10,185 5,822 16,800 (270,625) $209.267 1. Equipment with an original cost of $75,100 was sold during the year. 2. New equipment was purchased during the year 3. No stock dividends were declared during the year. 4. The company split its stock 3-for-1 during the year. Required Prepare a Statement of Cash Flows in good form using the indirect method for the year ended December 31, 2021. Provide all supporting calculations. (17 marks) Place your statement and supporting calculations here Steps Place supporting calculations here for the Statement of Cash Flows indirect method: starting point is net income, a reconciliation is required to adjust it to a cash basis 8