Probelem: 4 35 points The comperative balance sheet of Edward Enterprises Inc. at December 31, 2021 and 202020, is as follows Cash Assets Dec 31,2021 Dec 31 2020 Inventories Account Receivable (Net) 175,000 350,000 450,000 400,000 Investments 770,000 750,000 Land 100,000 Equipments 500,000 1,380,000 1,200,000 Accumulated depreciation-Equipment (600,000) (500,000) Total Assets 2,675,000 2,300,000 Liabilities and Stockholder's Equity Accounts Payable (merchandise creditors) 340,000 300,000 Accrued expenses payable (operating expenses) 45,000 50,000 Mortgage Payable 200,000 30,000 25,000 Dividend payable 700,000 600,000 Common stock, $ 4 par Paid in capital: Excess of issue price over par-common stock 200,000 175,000 1,360,000 950,000 Retained earnings Total liabilities and stockholder's equity 2,675,000 2,300,000 Additional data obtained from an examination of the accounts in the ledger for 2021 are as follows: A. The investments were sold for $ 175,000 cash. B. Equipment and Land were acquired for cash. C. There were no disposal of equipment during the year. D. The Mortgage note payable was not due for six years but the terms permitted earlier pament without penalty. E. The common stock was issued for cash F. There was a $ 500,000 credit to retained earnings for net income. G. There was a $ 90,000 debit for Retained Earnings for cash dividend declared. Instructions; Prepare a statement of cash flows, using the indirect method of presenting cash flows.