Question 7 of 8 - / 1 View Policies Current Attempt in Progress Sunland Corporation's comparative balance sheet is presented below. SUNLAND CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $12.580 $9.420 Accounts receivable 18,660 20.590 Land 17,600 22.690 Buildings 61,600 61,600 Accumulated depreciation-buildings (12.200 (9,8001 Total $97,240 $105,690 Liabilities and Shareholders' Equity Accounts payable $10.990 $27,370 Common shares 66,000 60,720 Retained earnings 20.350 17,600 Total $97,240 $105,690 Additional information: 1. Profit was $19.910. Dividends declared and paid were $17,160. 2. No noncash investing and financing activities occurred during 2021 3. The land was sold for cash of $4 310 resulting in a loss of S970 on the sale of the land. Prepare a cash flow statement for 2021 using the indirect method. Lu Corporation reports under ASPE. (Show amounts that decrease cash flow with either a-sign e.g.-15.000, or in parenthesises. (15,000) The land was forces nga Bureland Precerca de estar inte de corporcelangor PE Show cash fow withher-in-15.000 or in parents 15.000 Earthat: rene SUNLAND LIMITED Cash Flow Statement-Indirect mathed 8 > > > 8 > > > > > > Testoane Media Lite Data and be