Prepare the Statement of Cash Flows for Year of the Gator, Inc. Use the indirect method.

The comparative balance sheet of Impeachment Company for Years 1(2020) and 2 (2021) ended December 31 appears below in condensed form:

	2021	2020
Cash	$ 72,000	$ 42,500
Accounts receivable (net)	61,000	70,200
Inventories	121,000	105,000
Land		100,000
Equipment	515,000	425,000
Accumulated depreciationequipment	(153,000)	(175,000)
	$616,000	$567,700
Accounts payable	$ 59,750	$ 47,250
Bonds payable		75,000
Common stock, $20 par	375,000	325,000
Premium on common stock	50,000	25,000
Retained earnings	131,250	95,450
	$616,000	$567,700

Additional data for the current year (2021) are as follows:

(a)	Retained Earnings in 2021 included a Credit for Net income of $75,800 and a debit for Cash dividends declared (that were also paid) for $40,000.
(b)	Depreciation reported on Income Statement, $38,000.
(c)	Activity during the year related to Equipment included two transactions (1) a fully depreciated piece of equipment costing $60,000 was scrapped, no salvage value was collected, and (2) new equipment was purchased for $150,000.
(d)	Bonds payable for $75,000 were retired (matured) at their face amount.
(e)	2,500 shares of common stock were issued at $30 for cash.
(g)	Land of $100,000 was sold for $125,000. The gain on this sale was reported on the Income Statement.