The comparative statements of financial position of Mikos Inc. as at December 31, 2020 and 2021 and its statement of earnings for the year ended December 31, 2021 are presented below: MIKOS INC. Comparative Statements of Financial Position December 31 Assets Cash Short-term investments Accounts receivable Inventories, at cost Prepaid expenses Land Property, plant, and equipment, net Intangible assets Liabilities and Shareholders' Equity Accounts payable Income tax payable Accrued liabilities Long-term notes payable Contributed capital Retained earnings 2021 2020 $ 10,400 $18,400 68,800 38,200 75,000 31,600 56,800 41,400 5,400 8,800 50,600 77,000 285,600 186,000 25,400 30,800 $578,000 $432,200 $ 18,400 $ 42,800 8,800 11,400 2,400 -0- 124,000 178,000 228,000 67,000 187,400 142,000 Sales Cost of sales MIKOS INC. $578,000 $432,200 Statement of Earnings For the Year Ended December 31, 2021 Amortization expense-intangible assets Depreciation expense-property, plant, and equipment Operating expenses Interest expense Earnings before income taxes Income tax expense Net earnings $892,000 $444,000 5,400 34,400 235,000 13,400 732,200 159,800 47,940 $111,860 Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short-term investments will mature in February 2022. c. Cash dividends were declared and paid in 2021. d. New equipment with a cost of $167,400 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $17,000 were paid in cash, and notes of $37,000 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2021 by using the indirect method. (Negative answers should be indicated by a minus sign.) Cash flows from operating activities: MIKOS INC. Statement of Cash Flows For the Year Ended December 31, 2021 Adjustments to reconcile net earnings to net cash provided by operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Cash and short-term investments, beginning of year Cash and short-term investments, end of year