Presented below are the 2021 income statement and comparative balance sheets for Cooper Inc.

Cooper Inc.
Income Statement
For the Year Ended December 31, 2021
Sales revenue	$14,250
Service revenue	3,100
Total revenue		$17,350
Operating expenses:
Cost of goods sold	$7,200
Selling	2,400
General and administrative	1,500
Total operating expenses		11,100
Operating income		$6,250
Gain on sale of equipment		300
Interest expense		200
Income before income taxes		6,350
Income tax expense		2,500
Net Income		$3,850

Additional information for the 2021 fiscal year: 1. Cash dividends of $1,000 were declared and paid. 2. Equipment costing $4,000 was purchased for cash. 3. Equipment with a cost of $1,500 and accumulated depreciation of $1,000 was sold for $800. 4. Depreciation of $1,600 is included in operating expenses.
INSTRUCTIONS: Prepare a statement of cash flows for 2021 using the indirect method.

Comparative Balance Sheets As of December 31, 2021 and 2020