Prepare a statement of cash flows using the indirect method. Show all work.

[12]	Lion Enterprises					Balance Sheet
	Income Statement						12/31/20	12/31/21
	Year ended 12/31/2021					Cash	200	830
						A/R	830	750
						Inventory	600	640
Sales			7,500			Prepaid Insrn	20	50
Operating Expenses						Equipment	1800	1500
Cost of Goods Sold		$3,330				(Accum Depr)	-600	-700
Depreciation Expense		$240			TOTAL ASSETS		2850	3070
Insurance Expense		100				A/P	360	300
G & A Expenses		$1,750				Accured Pyrll	400	300
Total Operating Expense		$5,420	$(5,420)			IT payable	150	200
Income before income taxes			$2,080			N/P	600	800
Gain on sale of equipment			$50			Commn Stck	800	800
Net Income			$2,130			Retained Earnings	540	670
					TOTAL Liabilities & SE		2850	3070
		(12 points)
Prepare a statement of cash flows using the indirect method. Show all work.