The balance sheets for a company, along with additional Information, are provided below. Balance Sheets December 31, 2021 and 2020 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity dditional Information for 2021: Net income is $62,000. The company purchases $103,000 in equipment. Depreciation expense is $155,000. The company repays $117,500 in notes payable. luidend of $21.500 2021 2020 $ 155,850 $ 174,600 75,200 88,500 88,000 73,700 2,600 1,300 445,000 445,000 738,000 635,000 (409,000) (254,000) $1,095,650 $1,164,100 92,000 $ 78,700 7,050 14,100 6,600 4,300 117,500 235,000 665,000 665,000 207,500 167,000 $1,095,650 $1,164,100 Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities