Problem solving.

The comparative statements of financial position of DCF NV at the beginning and end of the year 2021 appear below.

- Net income of 47,000 was reported, and dividends of 1 5,000 were paid in 2021 . New equipment was purchased and none was sold.

- Requirements: - Prepare a statement of cash flows for the year 2021 .

DCF NV Statements of Financial Position Assets Dec. 31, 2021 Jan. 1, 2021 Inc./Dec. Equipment 46,000 34,000 12,000 Inc. Less: Accumulated depreciation equipment (18,000) (10,000) 8,000 Inc. Accounts receivable 113,000 93,000 20,000 Inc. Cash 70,000 17,000 53,000 Inc. Total 211,000 134,000 Equity and Liabilities Share capital-ordinary 110,000 80,000 30,000 Inc. Retained earnings 68,000 36,000 32,000 Inc. Accounts payable 33,000 18,000 15,000 Inc. Total 211,000 134,000