The balance sheets for Kimberly Company showed the following information. Additional information concerning transactions and events during 2021 are presented below. Kimberly Company Balance Sheet December 31 2021 2020 Cash $ 34,917 $ 11,526 Accounts receivable (net) 48,929 22.939 Inventory 39,550 47.460 Long-term investments 0 16.950 Property, plant & equipment 267,245 169.500 Accumulated depreciation (42,601) (28,250) $348,040 $240.125 $ 19,210 $29.945 23,730 19,210 Accounts payable Accrued liabilities Long-term notes payable Common stock Retained earnings 79,100 56,500 146,900 101.700 79,100 32.770 $348,040 $240,125 1. 2. 3. Additional data: Net income for the year 2021, $68,930. Depreciation on plant assets for the year, $14,351. Sold the long-term investments for $37,290 (assume gain or loss is ordinary). Paid dividends of $22,600. 5. Purchased machinery costing $29,945, paid cash. Purchased machinery and gave a $67,800 long-term note payable. 7. Paid a $45,200 long-term note payable by issuing common stock. 4. 6. Prepare a statement of cash flows (using the indirect method) for 2021 for Kimberly Company. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Kimberly Company Statement of Cash Flows Increase (Decrease) in Cash