The account balances of the Elegant Industries Limited at the end of 2020 and 2021 are as follows: Trinity Company Comparative Financial position Sheet 2021 2020 Change Increase/ Decrease Assets Cash 47,500 24,300 23,200 Accounts Receivable 21,500 26,000 (4,500) Prepaid Insurance 2,500 1,800 700 Inventory 48,000 45,500 2,500 Land 20,000 10,000 10,000 Plant Assets 230,000 190,000 40,000 Accumulated depreciation (85,500) (71,100) (14,400) Total Assets 284,000 226,500 57,500 Liabilities and Equity Liabilities Accounts Payable 17,200 19,000 (1,800) Salaries Payable 1,900 1,500 400 Notes Payable 85,000 ` 75,000 10,000 Total Liabilities 104,100 95,500 8,600 Equity Common Stock 115,000 70,000 45,000 Retained Earnings 64,900 61,000 3,900 Total Equity 179,900 131,000 48,900 Total Liabilities and Equities 284,000 226,500 57,500 5 Trinity Company Income Statement Year Ended December 31,2018 Sales 238,000 COGS (153,000) 85,000 Operating Expenses Insurance Expenses (14,400) Interest Expenses (3,500) Salaries Expenses (12,000) Other Operating Expenses (42,600) Miscellaneous Expenses (11,100) (83,600) Operating Income 1,400 Other Income Gain on sales of Land 4,800 Profit before Tax (PBIT) 6,200 Income Tax Expenses (1,860) Net Income 4,340 Additional Information: 1. Trinity Company sold land with an original cost of Rs. 10,000, for Rs. 14,800 cash. 2. A new parcel of land was purchased for Rs. 20,000, in exchange for a note payable. 3. Plant assets were purchased for Rs. 40,000 cash. 4. Trinity declared and paid a Rs. 440 cash dividend to shareholders. 5. Trinity issued common stock in exchange for Rs. 45,000 cash. Required Prepare the Cashflow statement by using indirect method