ROCKY ROAD BICYCLES, INC. Statement of Cash Flows For Year Ended December 31, 2021 Required ROCKY ROAD BICYCLES, INC. Statement of Cash Flows For Year Ended December 31,2021 Cash flows from operating activities Using a Spreadsheet to Create a Statement of Cash Flows The comparative balance sheets and income statement for Rocky Road Bicycles, Inc, are as follows. Additional Information Rocky Road reported net income of 3652,000 in 2021. Depreciation experise was $244,000 in 2021 Rocky Road sold plent assets during 2021. The plant assets onginally cost $176,000, with accumulated depreciation of 396,000 , and were soid foc a gain of 572,000. Rocky Road declared and paid a $316,000 cash dividend in 2021