The comparative balance sheets and income statement of Kin Co. are summarized : Kin Company Comparative Statement of Financial Position 31-Dec-2021 2021 2020 Asset Property and Equipment $132,000 $111,000 Less : Accumulated Depreciation ($41,000) ($36,000) Account Receivable $32,000 $28,000 Inventories $41,000 $38,000 Kin Company $37,000 Cash $29,000 Total $201,000 $170,000 Equity and Liabilities Share capital - ordinary $88,600 $72,600 Retained earnings $37,200 $25,000 Note Payable, Long term $38,000 $44,000 Account Payable $36,000 $27,000 Accrued Wage Payable $1,200 $1,400 Total $201,000 $170,000 Kin Company Income Statement For the Year Ended December 31, 2021 Sales revenue $120,000 Less : Cost of good sold $70,000 $37,800 Other expenses $107,800 $12,200 Net income Additional Information : 1. Bought equipment for cash $21,000 2. Paid $6,000 on the long term note payable 3. Issued new shares for $16,000 cash 4. Other expenses included depreciation $5,000, wages $20,000, taxes $6,000, and interest $6,800 5. No dividend were declared or paid Instruction : Prepare statement of cash flows for the year ended December 31, 2021 using indirect method