The comparative balance sheets for Jellystone Park Corporation appear below:

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.

Required:

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

JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2021 Dec. 31, 2020 Assets Cash...... Accounts receivable Prepaid expenses Inventory . Long-term investment in bonds. Equipment ..... Accumulated depreciation equipment Total assets... $ 23,000 18,000 6,000 27,000 -0- 60,000 (18,000) $ 116,000 $ 12,000 14,000 9,000 18,000 18,000 30,000 (14,000) $ 87,000 Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares .. Retained earnings. Total liabilities and shareholders' equity $ 21,000 37,000 40,000 18,000 $ 116,000 $ 9,000 45,000 23,000 10,000 $ 87,000