Questo 20 Cash flow statement [17 merkel The balance sheets for Angel Music Coat December 31, 2001 and December 31, 2020 Follow Time 145 December 31 17.00 2021 $ 70.000 37.000 55.000 175.000 (37.000 2020 $30,000 41 DOO 35.000 150 000 Cash Accounts receivable Land Equipment Accumulated depreciation Total Assets $300.000 5231.000 Accounts payable Long term loans payable Common shares Retained earnings Total Usblities & Shareholders' Equity 3.000 00.000 135.000 72.000 4000 40.000 130,000 57.000 5300.000 $231.000 Additional Information for 2021 1. Net income was $ 50,000 2. Land with a book value of $10,000 was sold for $95.000 3. Paid off a $20,000 long-term note payable 4. New equipment costing $5,000 was bought and paid for byssuing common shares 5. No equipment was sold during the year 6. A new loan for $65,000 was taken out during the year Required: Prepare a statement of cash flows using the indirect method for the year anded December 31, 2021. MAKE SURE YO IS IN PROPER FORMAT You can use the template provided to help you with the cash flow statement