The comparative balance sheets for Floofly Blankets Ltd. appear below:

Dec 31, 2020 Dec. 31, 2019

Assets Cash $29,000 $10,000

Trade receivables 23,000 14,000

Prepaid expenses 6,000 9,000

Inventory 25,000 15,000

Long-term investments 0 23,000

Equipment 57,000 30,000

Accumulated depreciation-equipment (18,000) (14,000)

Total assets $122,000 $87,000

Liabilities and Shareholders' Equity Trade payables $21,000 $9,000

Mortgage notes payable 37,000 45,000

Common shares 40,000 23,000

Retained earnings 24,000 10,000

Total liabilities and shareholders' equity $122,000 $87,000

Additional information: 1. Net earnings for the year ending December 31, 2021 were $32,000.

2. Cash dividends of $13,000 were declared and paid during the year ended December 31 2021.

3. Long-term investments that had a carrying amount of $18,000 were sold for $18,000 in 2021.

Prepare a cash flow statement for inclusion in the year end financial statements, using the indirect method.