Sunland Ltd., a private company reporting under ASPE, reported the following for the years ended May 31, 2021, and 2020. SUNLAND LTD. Balance Sheet May 31 Assets 2021 2020 Cash $21.500 $43,750 84,450 75.750 172.000 156.750 Accounts receivable Inventory Prepaid expenses Land 4,700 6,200 120.750 73.500 Equipment 307,000 (65,200 $645,200 187,000 (36,750) $506,200 $41,050 $36,750 6,200 4,700 Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Dividends payable Income taxes payable Mortgage payable Common shares Retained earnings Total liabilities and shareholders' equity 1.900 5.700 119,000 76,750 212.500 162.750 264,550 219,550 $506,200 $645,200 1. Additional Information: Prot for 2021 was $104,750. Common shares were issued for $49,750. Land with a cost of $49,750 was sold at a loss of $18,700. 2. 3. Additional Information: 1 2. 3. Prot for 2021 was $104.750. Common shares were issued for $49,750. Land with a cost of $49,750 was sold at a loss of $18,700. Purchased land with a cost of $97,000 with a $54,750 down payment and financed the remainder with a mortgage note payable. No equipment was sold during 2021. 4. 5. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis es. (15,000).) SUNLAND LTD. Cash Flow Statement - Indirect Method Adjustments to reconcile profit to > $ $ $