The comparative balance sheets for Jellystone Park Corporation appear below:

JELLYSTONE PARK CORPORATION

Comparative Balance Sheet

Dec. 31, 2021Dec. 31,2020

Assets

Cash$ 23,000$ 12,000Accounts receivable18,00014,000Prepaid expenses6,0009,000Inventory27,00018,000Long-term investment in bonds-0-18,000Equipment60,00030,000Accumulated depreciation-equipment(18,000)(14,000)Total assets$ 116,000$ 87,000

Liabilities and Shareholders' Equity

Accounts payable$ 21,000$ 9,000Bonds payable37,00045,000Common shares40,00023,000Retained earnings18,00010,000Total liabilities and shareholders' equity$ 116,000$ 87,000

Additional information:

1.Profit for the year ending December 31, 2021 was $20,000.2.Cash dividends of $12,000 were declared and paid during the year.3.Long-term investments in bonds that had an amortized cost of $18,000 were sold for $16,000.

Instructions

Prepare a cash flow statement for the year ended December 31, 2021, using the indirect method