RT Comm Ltd. had the following comparative statement of financial position The company follows ASPE. RT Comm Ltd. Comparative Statement of Financial Position As at December 31 Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation-equipment Total assets Accounts payable Wages payable Interest payable Income taxes payable Unearned revenue Long-term note payable Common shares Retained earnings Total liabilities and shareholders' equity Additional information: 2021 2020 $ 26,800 $ 11,900 36,000 26,500 23,000 32,000 2,000 1,200 105,000 95,000 (24,500) (14,500) $ 168,300 $ 152,100 $ 26,000 $ 22,000 5,000 2,000 1,800 3,100 3,000 4,500 8,000 2,500 30,000 36,000 65,000 65,000 29,500 17,000 $ 168,300 $ 152,100 1. Dividends of $5,000 were declared and paid out in 2021. 2. Equipment that cost $12,000 and was sold for a gain of $2,500 during 2021. The equipment's accumulated depreciation was $9,000. REQUIRED: 1) Prepare the statement of cash flows using the indirect format. (26 marks) 2) Assumes net sales for 2021 was $120,000,calculate the cash collected from customers. Clearly show all calculations