The balance sheets for Karen Company showed the following information. Additional information concerning transactions and events during 2021 are presented below. Karen Company Balance Sheet December 31 2021 2020 Cash $32.136 $10.608 Accounts receivable (net) 45,032 21.112 Inventory 36,400 43,680 Long-term investments 0 15,600 Property, plant & equipment 245,960 156,000 Accumulated depreciation (39,208) (26,000) $320,320 $221,000 Accounts payable Accrued liabilities Long-term notes payable Common stock Retained earnings $17.680 21,840 72,800 135,200 72.800 $320,320 $27.560 17.680 52.000 93,600 30,160 $221,000 Additional data: 1. Net Income for the year 2021. $63,440. 2 Depreciation on plant assets for the year, $13,208. 3. Sold the long-term investments for $34,320 (assume gain or loss is ordinary). Paid dividends of $20,800 Purchased machinery costing $27,560, paid cash. 6. Purchased machinery and gave a $62,400 long-term note payable. Paid a $41.600 long-term note payable by issuing common stock 4 S. 7. Prepare a statement of cash flows (using the indirect method) for 2021 for Karen Company. (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.. (15,000).) decrease cash flow with either a signe.s. - 15,000 OF IN Karen Company Statement of Cash Flows Increase (Decrease) in Cash Adjustments to reconcile net income to 3