Prepare statement of cash flows using the indirect method. The income statement to 2021 and the bench 2021 and 2000 are g Industries, Inc. (Click the on t (Click the won to view addional information) Requirement Ce on to view the balance sheets) Prepare a stalement of cash flows for Graham Industries, in for the year ended December 31, 2021, using the indirect method Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and for net cash outflows.) Operating Activities: Net income- Graham Industries, Inc. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2021 Adjustments to reconcile net income to cash basis Depreciation expense Gain on sale of plant asset Decrease in accounts receivable Increase in inventory Increase in prepaid insurance Increase in accounts payable Decrease in wages payable 53,000 (3.000) 44,000 (118,000) (3.000) 18.000 (700) 1,700 48.680 Increase in interest payable increase in taxes payable Increase in other accrued expenses payable Net cash provided by (used for) operating activities 2,300 157.920