Seattle Ltd Balance Sheet As of December 31, 2021 2020 Assets Cash Accounts receivable Inventory Long-term investments Property, plant, and equipment Accumulated depreciation Total Assets $102,500 $80,000 640,000 490,000 855,000 982,500 177,500 2,940,000 2,400,000 (1,200,000) (1,440,000) $3,337,500 $2,690,000 Liabilities and Shareholders Equity Accounts payable $311,250 $503,750 Interest payable 16,250 8,750 Deferred tax 152,500 117,500 Bonds payable 850,000 450,000 Common shares 1,200,000 625,000 Retained earnings 807,500 985,000 Total Liabilities and Equity $3,337,500 $2,690,000 Vacation Ltd. Statement of Comprehensive Income For the year ended December 31, 2021 Sales $3,667,500 Cost of goods sold 1,722,500 Depreciation expense 180,000 Remaining expenses 1,143,000 Interest expense 42,000 Loss on sale of equipment 30,000 Gain on sale of investments (97,500) Income tax expense 245,000 Net earnings and comprehensive income $402,500 Information on transactions during 2021: 1. Sold equipment for cash; cost, $630,000; two-thirds depreciated. 2. Purchased property, plant, and equipment and paid by issuing $475,000 in bonds. 3. Sold the long-term investments for cash. 4. Retired bonds payable at maturity by issuing common shares valued at $162,500. 5. Other changes in asset, liability, and equity accounts flow from logical sources. 6. Purchased property, plant, and equipment for cash. Required: a) Prepare Seattle Ltd.'s cash flow statement for the year ended December 31, 2021 in good form. Provide all necessary disclosures. b) Calculate the amount of cash Seattle collected from its customers during 2021