Question 6 CASH FLOW - INDIRECT METHOD Orange Party had a net income of 1,050,000$ in 2021. It sold land for 200,500$ that had a book value of 20,050$. It purchased equipment worth 50,500$ by issuing a note payable of 20,800$ and by paying the balance cash. It declared dividends of 5,400$, of which 2,300$ were paid in 2021 and the balance will be paid in 2022. The company made a payment of 355,000$ on long-term debt in 2021. The beginning cash balance is 150,000$ in 2021. Create the statement of Cash Flows for the year ended on Dec 31st, 2021. Orange Party had the following changes in 2021. AR Prepaid Expense Inventory AP Depreciation expense Decrease Decrease Increase Increase $ $ $ $ $ 33,000 44,000 13,000 55,000 88,000 A) Create the statement of cash flow for Orange Party for the year ending Dec 31st, 2021