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Susan, Inc. has prepared the following comparative balance sheets for 2020 and 2021: 2021 2020 Cash $ 375,060 $ 203,490 Accounts receivable 184,870 155,610 Inventory

Susan, Inc. has prepared the following comparative balance sheets for 2020 and 2021:

2021

2020

Cash

$ 375,060

$ 203,490

Accounts receivable

184,870

155,610

Inventory

199,500

239,400

Prepaid expenses

23,940

35,910

Plant assets

1,722,350

1,396,500

Accumulated depreciation (598,500) (498,750)
Patents

203,490

231,420

$2,110,710

$1,763,580

Accounts payable

$ 203,490

$ 223,440

Accrued liabilities

79,800

55,860

Martgage payable

598,500

Preferred stock

698,250

Additional paid-in capitalpreferred

159,600

Common stock

798,000

798,000

Retained earnings

171,570

87,780

$2,110,710

$1,763,580

1. The Accumulated Depreciation account has been credited only for the depreciation expense for the period.
2. The Retained Earnings account has been charged for dividends of $183,540 and credited for the net income for the year.
The income statement for 2021 is as follows:
Sales revenue $2,633,400
Cost of sales 1,448,370
Gross profit 1,185,030
Operating expenses 917,700
Net income $ 267,330

From the information above, prepare a statement of cash flows (indirect method) for Susan, Inc. for the year ended December 31, 2021. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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