Prepare statement of cash flow for Amazing Answers Association for 2021 using the indirect method

Determine free cash flow for 2021

Amazing Answers Association Balance Sheet December 31, 2020 and 2021 Assets Current Assets Cash V Accounts Receivable inventory Total Current Assets 2021 $25,300 $6,000 3 $2,000 $33,300 2020 $15,400 $7.300 $1,200 $23,900 Property, Plant and Equipment less: Accumulated Depreciation Total Property, plant and Equipment $4,500 $600 $3,900 $2.500 S500 $2.000 $37.200 $25,900 TOTAL ASSETS abilities Stockholders Current Liabilities VAccounts Payable Vincome Taxes Payable Total Current Liabilities $7,500 $4.000 $11,500 $8,000 $3.000 $11,000 Long Term Notes Payable TOTAL LIABILITIES $3,000 $14,500 $4,500 $15,500 Stockholder's Equity Common Stock Retained Earnings TOTAL STOCKHOLDER'S EQUITY $7,200 $15.500 $22,700 $6,000 $4,400 $10,400 TOTAL LIABILITIES AND STOCKHOLER'S EQUITY $37,200 $25,900 original Useful information: * Cash dividends of $1,000 were paid in 2021. Equipment that Amazing Answers purchased for $1,000) was sold in 2021 for $1,200 Accumulated depreciation on the equipment was 200 Common stock o $1,200 was issued during 2021 Notes Payable of 81,500 were repaid Net Income for 2021 was $12,100 1200 gein PREPARE A STATEMENT OF CASH FLOWS FOR AMAZING ANSWERS ASSOCIATION FOR 2021 USING THE INDIRECT METHOD DETERMINE FREE CASH FLOWS FOR 2021