Question 23

The following information is taken from Debra Corporation's financial statements:

		December 31
		2021			2020
Cash		$ 68,670			$ 29,430
Accounts receivable		111,180			87,200
Allowance for doubtful accounts		(4,905)			(3,379)
Inventory		174,400			190,750
Prepaid expenses		8,175			7,412
Land		109,000			65,400
Buildings		320,460			265,960
Accumulated depreciation		(34,880)			(14,170)
Patents		21,800			38,150
		$773,900			$666,753
Accounts payable		$ 98,100			$ 91,560
Accrued liabilities		58,860			68,670
Bonds payable		136,250			65,400
Common stock		109,000			109,000
Retained earningsappropriated		87,200			10,900
Retained earningsunappropriated		300,840			329,943
Treasury stock, at cost		(16,350)			(8,720)
		$773,900			$666,753

		For 2021 Year
Net income		$85,347
Depreciation expense		20,710
Amortization of patents		5,450
Cash dividends declared and paid		38,150
Gain or loss on sale of patents		none

Prepare a statement of cash flows for Debra Corporation for the year 2021. (Use the indirect method.)