prepare a statement of cash flows using the indirect method.

The following financial statements were drawn from the records of Lind Beauty Products, Inc. Tashi As of the center al 2020 2021 Assets Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated depreciation equipment Land Total Assets Liabilities and equity Accounts payable Salarles Payable Stockholders' Equity Common stock Retained earnings Total liabilities and equity $48,400 7,260 56,000 2,140 144,000 (118,000) 50,000 $189.800 S 6,300 10,200 45,200 700 140,000 (73,400) 116,000 $245.000 40,000 10,600 37,200 12,200 120,000 19,200 $189.800 150,000 45,600 $245.000 SUS For Facados 32021 Sales revenue Cost of goods sold Gross margin Depreciation expense Rent Expense Salarles Expense Other Operating Expenses Net income $480,000 (264,000) 216,000 (11.400) (7,000) (95,200) 176.000) $26.400 Additional Data 1. Purchased land for $66,000. 2. Purchased new equipment for $62,000. 3. Sold old equipment that cost $66,000 with accumulated depreciation of $56,000 for $10,000 cash 4. Issued common stock for $30,000 cash. Required Prepare a statement of cash flows using the indirect method