Q9- Here are comparative balance sheets for Wassim Company. I Wassim Company Comparative Balance Sheets December 31 Assets 2021 2020 Cash $ 85,000 $ 22,000 | Accounts receivable 85,000 176,000 Inventory 175,000 189,000 1 Land 80,000 100,000 Equipment | 250,000 | 200,000 Accumulated depreciation, equipment | (61,000) (32,000) TT Total T T $ 614,000 $555,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 | $ 47,000 Bonds payable | 150,000 | 200,000 Common stock ($1 par) 226,000 174,000 Retained earnings 199,000 134,000 Total $614,000 $555,000 + Additional information: (1).- Net income for 2021 was $99,000. (2). Cash dividends of $34,000 were declared and paid. (3). Bonds payable amounting to $50,000 were redeemed for cash $50,000. (4). Common stock was issued for $52,000 cash. (5). No equipment was sold during 2021, but land was sold at cost. Instructions Prepare a statement of cash flows for 2021 using the indirect method. 1 1