Q) The comparative balance sheet of Branch Co. for the year ended December31, 2021 and the preceding year, prepare a statement of cash flows using the indirect method of reporting cash flows.

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

An additional data obtained from an examination of accounts in the ledge for 2021 are as follows: A. Equipment and land were acquired for cash. B. There were no disposals of equipment during the year. C. The investments were sold for $91,800 cash. D. The common stock was issued for cash. E. There was a \$141,680 credit to Retained Earnings for net income. F. There was a $102,000 debit to Retained Earnings for cash dividends declared