QUESTION 1. Makofsky Corp. compiled the following annual information for the yearend December 31, 2021 in order for you to prepare its statement of cash flows IN GOOD FORM using the indirect method. Prepare the final draft in a table on Word or in Excel. Remember I want to see everyone's scratch work for this. Assume cash at the beginning of the year was $44,000. Increase in common stock Increase in retained earnings Net income Depreciation expense Gain on the sale of equipment Equipment purchases (cash) Book value of equipment sold Dividends paid Decrease in notes payable $40,000 Increase in cash 25,300 Increase in accounts $26,000 14,000 receivable 113,610 Increase in supplies 1,000 45,000 Decrease in accounts 5,000 payable 1,500 Increase in salaries payable 9,000 57,600 Increase in equipment from leasing 40,000 15,000 22,700 8,000 Increase in trading securities 88,310 Decrease in inventory 31,400