prepare the statement of cash flows using the indirect method ( List cash outflows and any decrease in cash as negative amounts)

1 The balance sheets for a company, along with additional information are provided below Balance Sheets December 31, 2021 and 2020 2021 202e 10 points 8 04.07.50 $ 112,750 $ 122,888 78,480 92,500 96,000 80,909 4,280 2,100 485,000 485,000 794,000 675,000 (429,000 (278,000 $1,141,350 $1,183, 300 eBook Hint Print Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-tere liabilities Notes payable Stockholders' oquity: Common stock Retained earnings Total 1wilities and stockholders' equity Reference 5 $ 100,ogo 6,100 8,200 85,900 12,300 5,100 102,500 205,000 705,000 219,500 $1,141, 10 705,000 175,000 $1,10, JOU Additional information for 2021 1. Net income is 570.000 2. The company purchases $119,000 in equipment Depreciation expomes $159.000 4. The company repays $102.500 in notes bayable 5. The company declares and pays a cash dividend of $25.500 Nex Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period