The balance sheets for a company, along with additional information, are provided below: Balance Sheets December 31, 2021 and 2020 2021 2020 $ 112,750 78,400 96,000 4,200 $ 122,800 92,500 80,900 2,100 485,000 794,000 (429,000) $1,141,350 485,000 675,000 (270,000) $1,188,300 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 ong-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 100,000 6,150 8,200 85,900 12,300 5,100 102,500 2 205,000 705,000 219,500 $1,141,350 705,000 175,000 $1,188,300 Additional Information for 2021: 1. Net income is $70,000. 2. The company purchases $119,000 in equipment. 3. Depreciation expense is $159,000. 4. The company repays $102,500 in notes payable. 5. The company declares and pays a cash dividend of $25,500. Required: Prepare the statement of cash flows using the Indirect method. (List cash outflows and any decrease in cash as negative amounts.) Fortal com 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 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period